RHI Magnesita to Acquire Kümaş Manyezit A.Ş.

As announced previously, RHI Magnesita/AT continues to consider a potential transaction involving Kumas Manyezit Sanayi A.S./TR and has entered into an exclusivity agreement with the sellers, Yildiz Holding A.S./TR and Gözde Girisim Sermayesi Yatirim Ortakligi A.S./TR.

As a market leader in its segment, RHI Magnesita regularly seeks to evaluate opportunities that may arise to participate in the ongoing consolidation of the refractory industry, however there can be no certainty that any transaction will occur. A further announcement will be made as appropriate.

www.rhimagnesita.com

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