VALLOUREC: Vallourec announces the subscription price of its employee share offering Value 13

 VALLOUREC: Vallourec announces the subscription price of its employee share
                              offering Value 13

Vallourec announces  the subscription  price of  its employee  share  offering 
Value 13

Boulogne-Billancourt, 8 November  2013 -  Vallourec announces  that the  share 
subscription price  within  the  framework  of the  Value  13  employee  share 
offering has been fixed today by the Management Board.

The unit price  of the shares  is based on  the reference price  equal to  the 
average opening Vallourec share price on the NYSE Euronext Paris over a period
of twenty  trading  days  from  11  October  to  7  November  2013,  included, 
discounted by 20% for the classic  formula and 15% for the leverage  formula, 
and rounded  up to  the immediately  higher euro  cent (the  "Classic  Formula 
Discounted  Subscription   Price"  and   the  "Leverage   Formula   Discounted 
Subscription Price").

The average  of the  opening  Vallourec share  price  during this  period  was 
€43.47. Therefore, the Classic Formula Discounted Subscription Price has been
fixed at €34.78  and the  Leverage Formula Discounted  Subscription Price  at 

The reservation  period  took place  from  16  September to  4  October  2013, 
included. The subscription/revocation period of the capital increase, open  to 
the beneficiaries  of  the  Value  13  offer,  will  take  place  from  12  to 
14November 2013 included.

The implementation  of  the plan  may  result in  the  issuance of  a  maximum 
of1,875,000 new shares and the grant of a maximum 15,000 existing free shares
as a substitution of the employer contribution.

The capital increase is scheduled to take place on 10 December 2013.

Vallourec's sixth successive international employee share offering, Value  13, 
and description  of its  main features  were announced  in the  press  release 
issued on 25  July 2013. Employee  shareholders today hold  close to 6.28%  of 
Vallourec's share capital.

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.

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

CP_Value 13_Novembre 2013_PDF


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information contained therein.

Source: VALLOUREC via Thomson Reuters ONE
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