Eyrir Invest ehf. - Company Announcement

Eyrir Invest supports Stork Technical Services and Fokker Technologies for further growth

Eyrir Invest contributes up to €23 million in new equity to support further
growth of Stork Technical Services and Fokker Technologies 

Stork B.V. announces the refinancing of its two businesses Fokker Technologies
(FT) and Stork Technical Services (STS). The refinancing of Stork B.V. into two
separate capital structures is the logical next step to establish and grow its
two distinct, international businesses. The refinancing also includes the full
integration of the RBG Group in STS. 

The refinancing includes a significant equity contribution from current
investors; funds managed by Arle Capital Partners, Eyrir Invest and other
prominent international investors.  Eyrir Invests equity contribution can be up
to €23 million. 

The financing package for STS consists of €272.5 million senior secured notes
due 2017 a working capital facility of €100 million. STS' new capital structure
will facilitate the full integration of the RBG Group into STS, which was
separately financed at the time of acquisition in May 2011 and positions STS
firmly in the oil & gas sector as a services and technology provider. 

The financing package for Fokker Technologies consists of a senior term loan of
€150 million and a working capital facility of €50 million. For Fokker
Technologies, the new capital structure will allow the company to consolidate
its position as a leading provider of technologies, systems and services for
the aerospace and defense industries. 

The refinancing is expected to close on or about August 16, 2012 and remains
subject to customary closing conditions. 



About Eyrir Invest

Eyrir Invest is an international investment company that focuses on investments
in industrial companies that have the potential to become true global leaders.
Eyrir places great emphasis on aligning execution with good long-term strategic
planning. Eyrir´s core assets are a 33% holding in Marel and 17% holding in
Stork BV which owns and operates Stork Technical Services and Fokker
Technologies. In recent years Eyrir has placed increased emphasis on venture
capital investments. Eyrir´s „Buy and Build“ strategy has a proven track record
as shareholder value has increased well above market returns since foundation. 



About Fokker Technologies

With a workforce of 4,800 employees, Fokker Technologies, a wholly owned
subsidiary of Stork B.V., develops and produces over 7,000 advanced components
and systems for the global aerospace industry and has R&D and production
facilities in the Netherlands, Turkey, the Americas and Asia. The company also
supplies integrated maintenance services and products to aircraft owners and
operators worldwide. 



About Stork Technical Services

Stork Technical Services, a wholly owned subsidiary of Stork B.V., is a global
provider of knowledge-based Asset Integrity Management services for the Oil &
Gas, Power and Chemical sectors. From concept through to execution - Stork
Technical Services aims to help reduce risk, assure safety and improve
environmental performance for our customers. With around 14,300 employees
across the UK & Africa, Continental Europe, the Middle East, Asia Pacific and
the Americas, Stork Technical Services provides innovative solutions and
integrate thinking and doing in the areas of asset integrity, consultancy,
maintenance concepts, repair, renovation, new construction, relocations, subsea
services and other related complex projects.