Zwolle, 20 December 2011 - Wavin, Europe's leading supplier of plastic pipe systems and solutions, announces today that it has obtained commitment from its lending banks to extend and amend its existing financing facility. The amended syndicated arrangement amounts to EUR 440 million and will mature in April 2015.

The EUR 440 million facility consists of a EUR 220 million Bullet Term Facility and a EUR 220 million Revolving Credit Facility. Covenant levels have been relaxed, whilst conditions and margins remain similar to the existing facility. Maturity has been extended with two years to April 2015. The new financing facility provides Wavin with sufficient headroom and flexibility to respond to uncertain market conditions and offers a solid base to execute the 'Wavin 2015' strategic program.

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 26 European countries, with manufacturing sites in 18 of those and one in China. The company employs approximately 6,400 people and reported revenue of more than EUR 1.2 billion for 2010. Outside Europe, it has a global network of agents, licensees and distributors. Wavin is listed on the NYSE Amsterdam stock exchange (WAVIN). More details about Wavin can be found at www.wavin.com

For further information: