Improvement in Result Van Leeuwen Pipe and Tube Group in 2010

Increase in Volume of 16% Worldwide

ZWIJNDRECHT, Netherlands, April 20, 2011 - The Van Leeuwen Pipe and Tube Group achieved a significant improvement in
its result in 2010 compared with the previous year. Market recovery and a
modest increase in market share led to an increase in volume of 16%
worldwide. The company was able to profit from its global network of
locations, stocks, services, and logistics, and it invested in various
expansions in 2010.

The net result came out at EUR 7.8 million, an improvement of EUR 5.9
million compared with 2009. Solvency remained strong at 50%. The measures
taken in 2009 to cut costs and reduce stock levels enabled the company to
make a good start, despite the uncertain market conditions at the beginning
of 2010. Customers and suppliers around the world had made substantial
reductions in their stock levels. As a stock-keeping trading company, Van
Leeuwen was able to respond well to the market demands through its global
network of stocks, logistics and services.

Industry and energy

As an international company trading in steel pipes and pipe products, Van
Leeuwen targets both the energy market and the industrial market. A recovery
in volumes could be seen in the European industrial market in particular, for
instance among machinery manufacturers. Global activities within the energy
market were at a lower level in 2010 than in 2009. However, there was a
global recovery in investments at the end of the year, and a significant
increase in the number of requests for projects in the Middle East, Asia, and
Australia.

Growth and initiatives

The company invested in locations and new product groups in 2010 to
enable it to serve new customers and markets. For example, it acquired the
Fluid Power division of Anbuma, a Belgian stock-keeping distributor operating
in France, Belgium, and the Netherlands. The Offshore Structurals
international business unit was set up to provide customers around the world
with complete steel packages for the offshore/oil and gas segment. Van
Leeuwen set up a new stock location in Scotland, opened a new sales branch in
Slovakia and took the first steps towards serving the local Polish market by
opening a stock location in the south of Poland. A branch was opened in Saudi
Arabia to be able to supply large petrochemical projects locally. Van Leeuwen
further extended its network of offices in Asia with a new sales office in Ho
Chi Minh, Vietnam. Furthermore, the stock location in Queensland, Australia,
was extended in 2010. The total number of employees grew from 1005 at the end
of 2009 to 1030 at the end of 2010.

Outlook

The market outlook for 2011 is definitely better than last year. The
first quarter showed a clear increase in demand in both the energy market and
the industrial market. Van Leeuwen has a sufficiently strong financial base
to enable it to focus in the years ahead on extending its network, materials,
and product groups, including through acquisitions.

Peter Rietberg, Chairman of the Board of Directors: "Van Leeuwen's
strength lies in its global network of branches, which enables us to give
customers local access to our specialist knowledge and our range of products
at as many locations as possible. We are strengthening this network by adding
new branches and expanding existing facilities. Our cash position and
solvency offer ample opportunity for financing this growth. We are also
investing continually in our employees as they constitute our key link with
our customers."

Additional financial information

The Van Leeuwen Pipe and Tube Group's consolidated sales were EUR 477
million, an increase of 4% compared with the previous financial year. The
operating result, adjusted for non-recurring income, was EUR 8.7 million in
2010, an improvement of about EUR 2.3 million on the previous year. Interest
charges remained low, partly thanks to the strong cash position. The result
from the participating interests increased by more than EUR 5 million. There
was a substantial increase in the net result, which came out at EUR 7.8
million (2009: EUR 1.9 million). The company was able to maintain its strong
cash position and solid balance sheet in 2010. This cash position enables the
company to act quickly when encountering acquisition opportunities. Group
equity increased from EUR 146 million to EUR 157 million, while solvency
remained high at 50%.

Van Leeuwen Pipe and Tube Group

The Van Leeuwen Pipe and Tube Group is an international trading company
specializing in steel pipes, pipe components and valves. The company is
active in virtually all industrial sectors. The company was founded in 1924.
The Group has more than forty branches spread throughout Europe, the Middle
East, Asia, Australia, and North America.

www.vanleeuwen.com

For more information, please contact: Van Leeuwen Pipe and Tube Group, Corporate Communications, Ingrid den Hartog, e-mail cc at vanleeuwen.nl, telephone +31-78-625-23-32, cell phone +31-6-23-14-71-18