Zwolle, 2 May 2011 - Wavin, Europe's leading supplier of plastic pipe systems and solutions, announces that it has lodged an objection procedure against the decision of the Authority Financial Markets ('AFM'), as published on 2 May, to fine the company for an amount of EUR 96,000.=.

The fine has been imposed by the AFM because on 5 May 2009 Wavin allegedly did not publish price-sensitive information regarding an agreement in principle about a potential private placement of convertible securities in a timely manner by means of a press release. The company does not subscribe to the point of view of the AFM that this was price-sensitive information. The company is also of the opinion that it reacted to the rumours in the market in a timely manner. Wavin has therefore initiated legal proceedings.