Successful Completion of the Sale of the JUB Group Supported by NLB as Financial Advisor

With authorisation by the majority of JUB Group shareholders (“Shareholders”), NLB announces that on 28 October a Sale and Purchase Agreement in the form of a notarial deed was signed between the Shareholders and DGL International (UKL) Ltd (“DGL”) for the sale of a 99.8% of shares outstanding in the company DP JUB. The DGL is owned by DuluxGroup Limited, a leading manufacturer of paints and coatings in Australia, which is a member of the Nippon Paint Holdings Group, the fourth largest paints and coatings manufacturer in the world. The transaction is subject to certain conditions precedent, such as approval of the transaction by relevant competition protection agencies. The NLB acted as the financial advisor during the sales process.