Budapest, 29 November 2011 - 29th November is a significant date in the history of Masterplast: the Company’s shares have been technically introduced to the Budapest Stock Exchange. According to the Company’s plans the technical listing will be followed by capital raising in 2012. Masterplast has delegated the tasks relating to the capital raising to Concorde.

Masterplast Group has been founded in 1997 and today it is one of the leading insulation building material producer and distributor in the CEE region. Its consolidated revenue reached nearly 84, 7 million EUR (23 billion HUF) in 2010. The debut on the Stock Exchange was preceded by a scheduled preparation. As one of the first steps of this preparation the Company became a member of the Club of Quotables followed by the next step namely that it was formed into a Public Company and the Board of Directors with majority of non-executive members has been established. Since spring of 2011 Masterplast has been operating as a public company, with its predictable management and by ensuring the publicity of relevant company information it adjusts to the transparency requirements of the stock exchange.

Masterplast entrusted one of the biggest Hungarian investment service provider with the most professional experience, Concorde Limited Company with the tasks of the planned share sale. Based on the mutually  developed strategy the listing of Masterplast on the BSE will be realized in two steps:  today’s introduction of the Masterplast shares will be followed – in case of optimal  market environment – by capital raising in the first half of 2012.

The rapid development of Masterplast has been achieved by the complex development and by the produced and sold products in the field of heat, sound and water insulation, roofing and dry construction providing cost-effective and energy-saving solutions. Besides the building up of national coverage the Company has made significant investments in the neighbouring countries, while showing double-digit revenue growth.

Dávid Tibor, CEO of Masterplast believes today’s event is an intermediate step in a long process. Depending on the economic environment the Company plans capital raising through the capital market in the first half of 2012 with the purpose of creating resources for the expansion of the production capacity.

Balázs Ács, Vice-President of the Board of Directors emphasized: Masterplast could not avoid the effects of the financial and economical crisis in 2008; however the Company responded to the international crisis with the rearrangement of its product range, efficiency increase and cost reduction. As a result of these steps the Company has become stronger and now – due to the future capital raising – continues its expansion.

Company information

Masterplast was founded in 1997. As of today it is one of the biggest insulation building material manufacturer and distributor, which has subsidiaries in 13 countries, among others in Russia, Ukraine and Romania. The majority of the groups turnover is due to the sales of the own manufactured products or to products sold under own brand name.
The members of the Board of Directors - Gábor Bojár, András J. Szőnyi and Dr. Iván Gara - have great business and capital market experiences and have been helping the Company’s management in the past 3 years.