Flint Group Amends Debt Facility to Increase Financial Flexibility

LUXEMBOURG—March 8, 2011—Flint Group is delighted to announce significant revisions to its debt facilities, which were successfully concluded with its primary investors on March 7, 2011. In summary these revisions mean that Flint Group can take advantage of a longer period before its debt is due to be repaid and will have considerable additional financial flexibility.

“Whilst we did not have to do this now we considered that it was prudent to take advantage of a favourable environment in the capital markets. Further, taking this action now gives our new CEO significant financial flexibility for the strategic development of the business. It is clear that there is significant recognition by our lending syndicate in the strong financial results achieved by Flint Group since it was formed,” said Mike Bissell, Chief Financial Officer.

A significantly increased acquisitions facility will allow Flint Group to further expand as attractive opportunities become available. Also the ability to extend the life of the debt facility means that Flint Group has the opportunity to avoid refinancing in 2014 when a substantial number of businesses globally will be competing for capital.

Commenting on the new financial arrangements, Antoine Fady, CEO Flint Group, said, “This refinancing effort has clearly demonstrated the confidence our lenders have in the future success of our business. Flint Group has an excellent track record, an experienced management team, a ‘can do’ culture of continuous improvement in safety, quality and customer service and a strong product portfolio—which will all be enhanced by these revisions to our debt facilities”

Flint Group
Flint Group is dedicated to serving the global printing and packaging industry. The company develops, manufactures and markets an extensive portfolio of printing consumables, including: a vast range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, plate-making equipment and flexographic sleeve systems; pigments and additives for use in inks and other colorant applications. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Headquartered in Luxembourg, Flint Group employs some 7300 people. Revenues for 2009 were € 2.1 billion (U.S. $2.9 billion). On a worldwide basis, the company is the number one or number two supplier in every major market segment it serves. For more information, please visit www.flintgrp.com

Source: Company release.

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