Brussels, November 16, 2006 - RHJ International SA (the 'Company'), a limited liability company organized under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, announces that its subsidiary Honsel International Technologies SA ('Honsel') has reached an agreement with its banks to amend its EUR 395,000,000 senior facility and EUR 110,000,000 mezzanine facility. Honsel was in breach of various covenants provided for by the facility agreements. According to the arrangement reached with the lenders, these breaches will be waived and the covenants under the original agreements are suspended and replaced with a minimum ebitda covenant threshold until June 30, 2007. Honsel also has increased its equity in the amount of EUR 21,625,000. The Company has initially subscribed for all of the new equity and Honsel's other shareholders have a pro rata right to participate in the capital increase. Honsel International Technologies SA is one of the six consolidated portfolio companies of the Company. Further to the capital increase of November 15, 2006, the Company holds a 61.96 % controlling interest in Honsel. Disclaimer This announcement does not constitute an offer or invitation to purchase any securities. Forward-looking statements The attached announcement contains forward-looking statements. All statements other than the statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on the current plans, estimates and projections of Honsel as well as on its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Neither the Company nor Honsel undertake to update any of the statements in light of new information or future events, except to the extent required by any applicable law. For further information, please contact : Arnaud DENIS Investor Relations Manager RHJ International e-mail : [email protected] Please click on the link below to open the pdf version of the press release: