Leading plastic pipe systems supplier Wavin (Zwolle / The Netherlands; www.wavin.com) is seeking a stock market listing on the Euronext Amsterdam (www.euronext.com) "Eurolist". The per-share offer price for up to 47,487,030 ordinary shares is expected to be in the EUR 11.00-13.50 range, and trading is likely to commence on 12 October 2006. CEO Philip Houben said he sees the listing as the next logical step in the development of the company, enabling it to further facilitate its growth strategy.

The shares are being offered to institutional and retail investors in The Netherlands and certain institutional investors elsewhere over a period that started on 28 September and closes on 11 October 2006. Following the launch, private equity investors CVC Capital Partners (www.cvceurope.com), Alpinvest Partners (www.alpinvest.com) and Wavin itself are expected to own 29.1%, 3.3% and 6.8% respectively of the pipe maker´s outstanding share capital. The three parties will enter a lock-up agreement for 180 days following the settlement date.