Zwolle, 12 October 2010 - At the Capital Market Day of Wavin, Europe's leading supplier of plastic pipe systems and solutions, today in Amsterdam, the new CEO Henk ten Hove will present 'Wavin 2015', the company strategy for the period 2011-2015.

Strategic priorities 'Wavin 2015'

• Market Leadership. Further build on leading market positions in existing countries and invest (both organi­cally and through acquisition) in European countries where leadership can be achieved. Target is to achieve number 1 or 2 positions in the markets in which Wavin operates.
• Portfolio and Segmentation. Offer a complete product portfolio to the customer and increase presence in non-residential building markets, with a strong focus on sustainable systems and solutions. Increase revenue in key target segments such as Water Management and Surface Heating & Cooling.
• Operational Excellence. Drive service and cost leadership through complexity reduction and a lean and sustainable manufacturing and supply chain footprint.
• Innovation. Focus on and accelerate the implementation of European innovation projects.

Financial targets 'Wavin 2015'

• Revenue. Grow organically 2% ahead of European construction industry. Revenue development driven by exposure to emerging markets, ongoing substitution of traditional materials by plastics and the increasing need for energy efficiency and water management solutions.
• Margin. Return to pre-crisis margins at lower revenue levels, reflecting the benefits of strong local market positions, innovation and structural cost savings.
• Leverage. Reduce leverage to an average ratio¹⁾ of 2.0 over the year

Commenting on the strategy update, Wavin CEO Henk ten Hove says: "After a period of 'managing through the crisis' it is time to prioritise sustainable growth and profitability. In recent years we reorganised the company and reduced headcount by over 1,600 FTE's, realised cost savings of EUR 45 million and refinanced the company. Although we do not see a broad market recovery in the short term, we are now entering a new phase. The core elements of our strategy remain local market leadership, a complete product portfolio and European coverage. Group wide innovation and an efficient manufacturing and supply chain footprint will further support the strategy. The Wavin 2015 programme will enable us to reap the full benefits once the markets return to normal levels."

Also the following organisational changes were announced:

• Management Board. The Management Board will be limited to 3 members from 4. As of 1 October, the Wavin Management Board consists of Henk ten Hove (CEO & President), Pim Oomens (CFO & Executive Vice President) and Maarten Roef (Executive Vice President). ²⁾
• Regional Structure. The 4 regions in the mature West-European markets will be integrated into 2 to benefit from scale and to realise synergies. The UK/Ireland and South West Europe (France) regions will be combined, as well as Nordic and North West Europe. In the emerging markets, the Baltic countries (Lithuania, Estonia and Latvia) will become part of Central & Eastern Europe in stead of the Nordic region. The South East Europe region remains unchanged.
• Business Unit Structure. The strategic business unit "Marketing & Technology' will bring together the strengths of the current 'Building & Installation' and 'Civils & Infrastructure' business units and the Research & Development centre.

The new organisational structure will be fully effective per 1 January 2011.

Additional information

A webcast of the Capital Market Day starts at 11.00 hrs CET and is accessible under 'Webcasts' in the Investor Relations chapter of www.wavin.com. A power point presentation will be available at 10.00 hrs under 'Presentations' in the IR chapter.

¹⁾ Net debt/last twelve months Ebitda

²⁾ To be formalised in next year's shareholders meeting

About Wavin

Wavin is the leading supplier of plastic pipe systems and solutions in Europe. The company provides essentials: plastic pipe systems and solutions for tap water, surface heating and cooling, soil and waste, rain- and storm water, distribution of drinking water and gas and telecom applications. Wavin is headquartered in Zwolle (the Netherlands) and has a presence in 29 European countries, with manufacturing sites in 18 of those and 1 in China. The company employs approximately 6,300 people and reported revenue of almost EUR 1.2 billion for 2009. Outside Europe, it has a global network of agents, licensees and distributors. Wavin is listed on Euronext Amsterdam by NYSE Euronext (WAVIN). More details about Wavin can be found at www.wavin.com.

For further information:

Financial Calendar 2010