VALLOUREC : VALLOUREC : 57% of shareholders opted to receive the dividend payment in shares

  VALLOUREC : VALLOUREC : 57% of shareholders opted to receive the dividend
                              payment in shares

57% of shareholders opted to receive the dividend payment in shares

Boulogne-Billancourt, 25  June  2013  -  In  accordance  with  the  resolution 
approved by the  Ordinary and  Extraordinary Shareholders' Meeting  on 30  May 
2013, shareholders were invited for the  fifth consecutive year, to choose  to 
receive the dividend payment in cash or in new shares. The dividend in respect
of the financial year 2012 was set at € 0.69 per share.

The payment  of  the dividend  in  shares generated  strong  interest  amongst 
shareholders. The subscription rate for this option was 57%, which attests  to 
shareholders' confidence in the strategy and development outlook of the Group.

This operation resulted in  the creation of 1,338,791  new shares issued at  a 
price of € 36.69 per share (i.e. a share capital increase of 1.07%) delivered
and listed on NYSE Euronext Paris on 25 June 2013.

The new shares will be  issued with all rights attached  as of 1 January  2013 
and will  be  completely  assimilated with  existing  shares.  Following  this 
operation, the share capital of the company will comprise

The payment of the dividend in cash, for an amount of € 36.5 million also took
place today.

About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.

With over 23,000 employees, integrated manufacturing facilities, advanced  R&D 
and a  presence in  more than  20 countries,  Vallourec offers  its  customers 
innovative global solutions to meet the energy challenges of the 21st century.

Listed on the NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK)  and 
eligible for the Deferred  Settlement System (SRD),  Vallourec is included  in 
the following indices: MSCI World Index, Euronext 100 and CAC 40.

In the United States, Vallourec has  established a sponsored Level 1  American 
Depositary Receipt  (ADR) program  (ISIN code:  US92023R2094, Ticker:  VLOWY). 
Parity between ADR and a Vallourec ordinary share has been set at 5:1.


07/30/2013 Release of second quarter and half year 2013 results
09/26/2013 Investor day

           26-27 Sept. 2013
           Pittsburgh - USA
11/07/2013 Release of third quarter 2013 results

For further information, please contact
Investor relations               Press relations

Etienne Bertrand                  Caroline Philips

Tel: +33 (0)1 49 09 35 58         Tel: +33 (0)1 41 03 77 50

130625_Vallourec press release_Dividend Payment (PDF)


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Source: VALLOUREC via Thomson Reuters ONE
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