VALLOUREC: Dividend payment in shares and cash

                VALLOUREC: Dividend payment in shares and cash

 Press release
 June 2014

Dividend payment in shares and cash

Boulogne-Billancourt, 25  June  2014  -  In  accordance  with  the  resolution 
approved by  the  Shareholders' Meeting  on  28 May  2014,  shareholders  were 
invited to choose to receive  the dividend payment in  cash or in new  shares. 
The dividend in  respect of  the financial  year 2013 was  set at  € 0.81  per 

This operation resulted in the creation  of 518,416 new shares (i.e. 0.4%  of 
the share capital) issued at a price of € 35.69 per share delivered and listed
on Euronext Paris today.

The new shares are issued  with all rights attached as  of 1 January 2014  and 
are completely assimilated with existing shares. Following this operation, the
share capital of the company is comprised of 128,678,016 shares.

The payment of the dividend in cash, for an amount of € 84.7 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 24,000 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 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 SBF 120.

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.
Follow us on Twitter @VallourecGroup

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

140625_Vallourec press release_Dividend Payment in PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: VALLOUREC via Globenewswire
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