Zwolle, 30 November 2010 - Wavin, Europe's leading supplier of plastic pipe systems and solutions, today announces that it has successfully amended the interest margin of its syndicated loan facility, arranged in 2009. The reduced interest margin reflects the improved business and credit market conditions and will result in annual savings of EUR 3.5 million on financing costs under the existing facilities.

The amendment was reached with full consent of the syndicate of lending banks.
The EUR 500 million facility (maturing October 2011) and the EUR 475 million forward start facility (starting October 2011, maturing April 2013) remain in place. The size of the facility and the financial covenants create sufficient flexibility for the coming years.

The benefits of the revised margin have become effective immediately.

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 one 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 the NYSE Amsterdam stock exchange (WAVIN). More details about Wavin can be found at www.wavin.com  

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