Press release 2009-10-14

INALFA REACHES AGREEMENT WITH NV INDUSTRIEBANK LIOF

Management of Inalfa Roof Systems Group is pleased to announce that it has reached an agreement with NV Industriebank LIOF on a subordinated loan facility. This further strengthens the company’s capital structure, pursuant to the agreement reached early July 2009 with shareholders and banks, which has put the company on sound financial footing.

Inalfa Roof Systems is the global number 2 supplier of vehicle roof systems. Inalfa designs, develops and manufactures sunroofs and open-roof systems for the automotive industry and supplies customers such as BMW, Ford, Volkswagen, Volvo, Citroën, Daimler, Chrysler, Chery, Nissan and many others. Inalfa Roof Systems stands for innovation, technological competence and quality. Inalfa Roof Systems has its headquarters in Venray, the Netherlands, and has a global footprint with facilities in Italy, USA, South Korea, China, Brazil and Japan. The company employs ca. 1400 staff of which ca. 550 staff in Venray. As such the company is an important and high profile automotive tier 1 supplier to the automotive industry and a large contributor to the economy of the province of Limburg.

Marcel Schabos, CEO of Inalfa Roof Systems, comments: ‘’The commitment and support of NV Industriebank LIOF is a strong vote of confidence by a renowned party for the unique position of Inalfa Roof Systems Group, its strategy and the broad experience of its management team to execute this strategy and to deliver tangible results.’’

Jérôme Verhagen, managing director NV Industriebank LIOF comments:”Inalfa is a key player in the automotive sector in our region. Taking into consideration its expertise and potential, the company has good prospects. Our financial injection is a responsible contribution to strengthening the company and the sector, that both play such an important role in this region.”

NV Industriebank LIOF is the Limburg development and investment company. LIOF contributes to the prosperity of the province with an ongoing program to strengthen the province's economic base. LIOF targets industry and the dynamic service sector. One of its core activities is venture capital participation in Limburg companies with prospects. LIOF has a strategic approach which targets opportunities for long-term economic development. In this it has a bridging role between government and business. LIOF is an ambitious professional organization and speaks the language that business understands.

More information:
NV Industriebank LIOF
Frans Ridderbeekx, public relations manager
+31 43 328 02 80