VALLOUREC : Vallourec completes its employee share

Press Release

Vallourec completes its
employee share offering Value 12

Boulogne-Billancourt, 6 December 2012 - Vallourec today announces the completion of Value 12, a capital increase reserved for employees worldwide. Close to 14,000 employees, in nine countries^[1], representing 65% of eligible personnel, subscribed to Vallourec's fifth international employee share offering.

The proceeds of the capital increase amounted to €85.6 million, with the issuance of 3,319,835 new shares (representing approximately 2.7% of the outstanding number of shares), subscribed at a price of €25.79. The nominal value of the capital increase is €6.6 million. The offer increases the total number of Vallourec shares outstanding to 124 946 356 as of 6 December 2012.

The Value 12 offering and description of its main features were announced in the press release issued on 6 September 2012. The subscription price was announced in a press release issued on 6 November 2012. Employee shareholders today hold around 7% of Vallourec's share capital.

***

ABOUT VALLOUREC

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.

With over 22,000 employees, integrated manufacturing facilities, advanced R&D, and presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the growing energy challenges of the 21^st century.

Listed on NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the Deferred Settlement System, Vallourec is included in the following indices: MSCI World Index, Euronext 100 and CAC 40.

In the United States, Vallourec has a sponsored Level 1 American Depository Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The ratio of Vallourec ADR to ordinary shares is 5:1).

www.vallourec.com

CALENDAR 2013