Bekaert €400 Million Dual Tranche Bond Issuance

November 17, 2011

Cleary Gottlieb is representing long-standing client NV Bekaert SA in a dual tranche issuance of €205 million 4.125 percent fixed rate unsecured bonds due December 2016 and EUR 195 million 5.00 percent fixed rate unsecured bonds due December 2019. The bonds have been offered to retail investors in Belgium and Luxembourg and will be admitted to trading on the regulated market of the Luxembourg Stock Exchange. BNP Paribas Fortis and KBC Bank NV act as joint lead managers and joint bookrunners and ING Belgium SA/NV as co-manager.

The subscription period started on November 17, 2011 and has been closed early on the same day. Settlement will occur on December 6, 2011.

Bekaert, which is listed on Euronext Brussels, is one of Belgium’s largest industrial groups and a worldwide leader in drawn wire products and advanced coatings. Cleary has represented Bekaert over the years in a series of M&A and other transactions, including its €100 million 4.25 per cent. fixed rate unsecured bond issuance (due in December 2018) in December 2010.