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Edgen Murray Expands Valve And Actuation Offering With Acquisition Of UK-Based HSP Group Limited

Edgen Murray, an Edgen Group company, is a leading global distributor of specialised products for worldwide energy and infrastructure markets.  Edgen Murray delivers high performance pipe, plate, valves and related components to upstream, midstream, downstream, power, civil construction and mining customers from more than 35 global locations spanning the Americas, Europe, Middle East and Asia Pacific.  Edgen Murray supports every step of a project's lifecycle and ensures all commercial needs, technical requirements and project schedules are met with precision, anywhere in the world.  This is achieved through global scale, long-standing mill & manufacturing relationships, a focus on quality, strategically-located inventory and experienced staff.  For more information, visit http://www.edgenmurray.com.

About Edgen Group

Edgen Group is a leading global distributor of specialised products and services to the energy sector and industrial infrastructure markets and operates through two commercial brands - Edgen Murray and Bourland & Leverich.  Edgen Murray distributes high-performance steel products for oil & gas, infrastructure and mining applications including offshore rig construction, natural gas transmission and refining and petrochemical applications in all major global energy markets.  Bourland & Leverich supplies specialised Oil Country Tubular Goods (OCTG) products to the upstream conventional and unconventional onshore drilling market in the United States.  Edgen Group is headquartered in Baton Rouge, Louisiana.  Additional information is available at http://www.edgengroup.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including, without limitation, statements regarding the benefits of the HSP Group Limited acquisition, such as enhancement of offerings to customers, the ability to better meet the needs of customer, complementary to Edgen Group's strategy, and benefits to Edgen Group operationally and financially and HSP's projected revenue. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, that there can be no assurance that we will be successful in integrating HSP Group Limited with our own or in better achieving the needs of existing and new customers and improvement in financial and operational performance.  Additionally, the company's expectations of the projected revenue for HSP Group Limited are only the company's expectations regarding this projection and the actual amount could differ materially and may not be indicative of future revenue. Whether HSP Group Limited is actually successful in achieving this projected revenue is dependent on a number of factors, including but not limited to, changes in oil and natural gas industry expenditure levels, which may result from changes in oil and natural gas prices, international general economic factors, among other factors. Our historical financial information, and the risks and other important factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition, are contained in our filings with the Securities and Exchange Commission ("SEC"), including our prospectus filed with the SEC on April 27, 2012 and in our subsequent filings with the SEC made prior to or after the date hereof. We undertake no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release. Readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.

Simon Moss The Whiteoaks Consultancy           +44-(0)1252-727313                                   simonm@whiteoaks.co.uk

 

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