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Sumitomo Corporation to Acquire Edgen Group Inc. Edgen Group stockholders to receive US$12.00 per share

October 01, 2013

New York, New York and Baton Rouge, Louisiana – October 1, 2013 – Sumitomo Corporation (“SC”) and Sumitomo Corporation of America, Inc. (“SCOA”), collectively “Sumitomo”, and Edgen Group Inc. (NYSE:EDG) today announced the signing of a definitive merger agreement whereby Sumitomo will acquire all outstanding shares of Edgen Group Inc. (“Edgen Group”) for US$12.00 per share in cash (“acquisition”). The acquisition, which is expected to close before the end of 2013, is subject to customary closing conditions and regulatory approvals.

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