Acquisition of Air Handling Business

SIG plc

("SIG" or "the Group")

Acquisition of Air Handling Business

SIG plc, a leading distributor of specialist building products in Europe, today announces that it has acquired Inatherm BV, a specialist distributor of air handling products based in the Netherlands.

The consideration for the acquisition comprises:

(i) An up-front cash payment of €4.7m

(ii) deferred cash consideration of €0.7m payable in January 2016; and

(iii) earn-out cash consideration of up to €2.0m dependent on the performance of the business over the period to 31 December 2016;

For the financial year ended 31 December 2013 Inatherm BV made a profit before tax of €0.6m. Gross assets were €1.8m as at 31 December 2013.

This infill acquisition further strengthens the Group's position in the Mainland European air handling market, where it already has a significant presence through Air Trade Centre and Ouest Ventil.

Inatherm BV is being sold by Triple R Holding, which is owned by the current management team who will remain with the business and join SIG.