Proto Labs Files Registration Statement For Proposed Follow-On Offering

Proto Labs, Inc. (NYSE: PRLB) announced today that it has filed a registration statement with the Securities and Exchange Commission (the “SEC”) for a proposed public offering of $100 million of its common stock offered by certain selling shareholders and Proto Labs. Proto Labs expects that its portion of the offering will result in approximately $3.0 million in proceeds. Proto Labs will not receive any of the proceeds from the sale of the shares sold by the selling shareholders.

The principal purposes of this offering are to facilitate an orderly distribution of shares for the selling shareholders and to increase Proto Labs’ public float. Proto Labs intends to use the proceeds that it receives from the offering to pay the expenses that it incurs in connection with the offering and for working capital and general corporate purposes.

The joint book-running managers of the proposed offering will be Morgan Stanley & Co. LLC and Piper Jaffray & Co. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at [e-mail]; or Piper Jaffray & Co., Attention: Prospectus Department, at 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, or by email at [e-mail]

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC’s website at edgar.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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