April 22 (Reuters) - Quanex Building Products Corp ( NX )

:

* QUANEX BUILDING PRODUCTS TO ACQUIRE TYMAN, CREATING A

COMPREHENSIVE SOLUTIONS PROVIDER IN THE BUILDING PRODUCTS

INDUSTRY

* QUANEX BUILDING - QUANEX WILL ACQUIRE ENTIRE ISSUED AND TO

BE

ISSUED SHARE CAPITAL OF TYMAN FOR APPROXIMATELY $1.1 BILLION1 IN

ENTERPRISE VALUE.

* QUANEX BUILDING - QUANEX WILL ACQUIRE ENTIRE ISSUED AND TO

BE

ISSUED SHARE CAPITAL OF TYMAN FOR APPROXIMATELY $1.1 BILLION1 IN

ENTERPRISE VALUE.

* DELIVERS MATERIAL EPS ACCRETION IN FIRST FISCAL YEAR POST

CLOSE;

* DELIVERS MATERIAL EPS ACCRETION IN FIRST FISCAL YEAR POST

CLOSE;

* APPROXIMATELY $30 MILLION IN ANNUAL RUN-RATE COST

SYNERGIES

ANTICIPATED

* APPROXIMATELY $30 MILLION IN ANNUAL RUN-RATE COST

SYNERGIES

ANTICIPATED

* QUANEX BUILDING - UNDER TERMS OF ACQUISITION, TYMAN

SHAREHOLDERS

WILL BE ENTITLED TO RECEIVE AN IMPLIED VALUE OF 400.0 PENCE FOR

EACH TYMAN SHARE

* QUANEX BUILDING - UNDER TERMS OF ACQUISITION, TYMAN

SHAREHOLDERS

WILL BE ENTITLED TO RECEIVE AN IMPLIED VALUE OF 400.0 PENCE FOR

EACH TYMAN SHARE

* COMBINED COMPANY'S HEADQUARTERS WILL BE LOCATED AT

QUANEX'S

CURRENT HEAD OFFICE IN HOUSTON, TEXAS

* COMBINED COMPANY'S HEADQUARTERS WILL BE LOCATED AT

QUANEX'S

CURRENT HEAD OFFICE IN HOUSTON, TEXAS

* QUANEX CURRENTLY DOES NOT INTEND TO CLOSE ANY OF TYMAN'S

MANUFACTURING FACILITIES AS A RESULT OF ACQUISITION

* QUANEX CURRENTLY DOES NOT INTEND TO CLOSE ANY OF TYMAN'S

MANUFACTURING FACILITIES AS A RESULT OF ACQUISITION

* COMBINED COMPANY IS EXPECTED TO MAINTAIN MODEST NET

LEVERAGE

UPON COMPLETION OF ACQUISITION

* COMBINED COMPANY IS EXPECTED TO MAINTAIN MODEST NET

LEVERAGE

UPON COMPLETION OF ACQUISITION

* COMBINED COMPANY WILL BE LED BY MR. WILSON AND QUANEX

EXECUTIVE

TEAM.

* COMBINED COMPANY WILL BE LED BY MR. WILSON AND QUANEX

EXECUTIVE

TEAM.

* COMBINED CO EXPECTS TO ACHIEVE NET LEVERAGE OF

APPROXIMATELY

1.5X IN MEDIUM-TERM FOLLOWING COMPLETION OF ACQUISITION.

* ACQUISITION IS NOT SUBJECT TO ANY FINANCING CONTINGENCY

* COMBINED CO EXPECTS TO ACHIEVE NET LEVERAGE OF

APPROXIMATELY

1.5X IN MEDIUM-TERM FOLLOWING COMPLETION OF ACQUISITION.

* TYMAN SHAREHOLDERS WILL OWN BETWEEN APPROXIMATELY 30% AND

32% OF

QUANEX, ON A FULLY DILUTED BASIS

* ACQUISITION IS NOT SUBJECT TO ANY FINANCING CONTINGENCY

* TYMAN SHAREHOLDERS WILL OWN BETWEEN APPROXIMATELY 30% AND

32% OF

QUANEX, ON A FULLY DILUTED BASIS

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