Obbligazioni VALLOUREC XS1700480160, XS1807435026, FR0012188456

Noteholders are not required to deliver Consents in the Consent Solicitation. Noteholders that do not participate in the Consent Solicitation will continue to hold their Notes and will be entitled to all the rights and subject to all the limitations applicable to their Notes pursuant to the relevant Indenture. If the 2022 Notes Proposed Waiver becomes effective and operative with respect to the 2022 Notes Indenture, each present and future 2022 Noteholder will be bound by the 2022 Notes Proposed Waiver, whether or not such holder delivered Consents pursuant to the Consent Solicitation. If the 2023 Notes Proposed Waiver becomes effective and operative with respect to the 2023 Notes Indenture, each present and future 2023 Noteholder will be bound by the 2023 Notes Proposed Waiver, whether or not such holder delivered Consents pursuant to the Consent Solicitation.
 

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