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Sumitomo Corporation to Redeem Senior Secured Notes Upon Closing of Edgen Group Merger (or Transaction)

October 01, 2013

New York, New York and Baton Rouge, Louisiana – October , 2013 – Sumitomo Corporation (“SC”) and Sumitomo Corporation of America, Inc. (“SCOA”), collectively “Sumitomo”, today announced that they intend to redeem 35% of the senior secured notes upon closing of the October 1st merger agreement with Edgen Group Inc. (NYSE:EDG) and will redeem the remaining notes in 2015. 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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