Dividend payment in shares and cash

26/06/2015 - Shareholders
Vallourec shareholders were invited to choose to receive the dividend payment in cash or in new shares.

​​​​​​​​


Boulogne-Billancourt, 25 June 2015 - In accordance with the resolution approved by the Shareholders'

Meeting on 28 May 2015, shareholders were invited to choose to receive the dividend payment in cash or in
new shares. The dividend in respect of the financial year 2014 was set at €0.81 per share.

The subscription rate for the dividend payment in shares amounted to 59.78%. This operation resulted in the
creation of 3,090,460 new shares (i.e. 2.37% of the share capital) issued at a price of €19.40 per share
delivered and listed on Euronext Paris today.

The new shares are issued with all rights attached as of 1 January 2015 and are completely assimilated with
existing shares. Following this operation, the share capital of the company is comprised of 133,688,435
shares.

The payment of the dividend in cash, for an amount of €41,876,897.13 also took place today.