Roermond, The Netherlands, 10 July 2018. The Supervisory Board of Sif Holding N.V. will nominate Fred van Beers for appointment as the company's new CEO effective 1 September 2018 at the General Meeting of Shareholders to be held on 31 August 2018. The Works Council has been informed and requested to provide advice.

Fred van Beers (1962) holds a degree in marine engineering and worked as a business unit manager at Alcoa and LIPS before joining Wärtsilä. He served at Wärtsilä as Managing Director Netherlands from 2007 to 2010 and as Vice President Services Area North Europe from 2010 to 2015. More recent Fred van Beers was the CEO of Blohm & Voss shipyards in Hamburg (2015-2017) and served in various other management positions on an interim basis (2017-2018).

Fred van BeersFred van Beers

About Sif Holding N.V.

Sif is a leading manufacturer of large steel tubulars, which are used as foundation components for the offshore wind and offshore oil & gas markets. The Company manufactures customized tubular components for offshore foundations, predominantly in the greater North Sea region. Sif combines a highly automated and flexible production facility with technology leadership in rolling and welding of heavy steel plates, which is based on over 66 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines.

It furthermore produces legs, pile sleeves and piles of the larger jackets for oil & gas and tubular structures for various uses such as jetties. Sif is listed on Euronext Amsterdam. More information about Sif is available electronically via the Sif website: www.sif-group.com.