Supplemental Guarantor Condensed Financial Information

On March 18, 2011, Euramax Holdings, Inc. (presented as Parent in the following schedules), through its 100%-owned subsidiary, Euramax International, Inc. (presented as Issuer in the following schedules) issued the Notes. The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Euramax Holdings, Inc. Additionally, the Notes were fully and unconditionally guaranteed by all material domestic subsidiaries, collectively referred to as the "Guarantors." On December 30, 2011, as permitted by the Indenture, the Company completed the merger of the Guarantor subsidiaries with Euramax International, Inc. This merger does not adversely affect the legal rights under the Indenture of any holder of the Notes in any material respect. All other subsidiaries of Euramax International, Inc., whether direct or indirect, do not guarantee the Senior Secured Notes (the "Non-Guarantors").

Additionally, the Notes are secured on a second priority basis by liens on all of the collateral (subject to certain exceptions) securing Euramax International, Inc.’s senior secured credit facilities. In the event that secured creditors exercise remedies with respect to Euramax International, Inc.'s pledged assets, the proceeds of the liquidation of those assets will first be applied to repay obligations secured by the first priority liens under the senior secured credit facilities and any other first priority obligations.

The following condensed consolidating financial statements present the results of operations, comprehensive loss, financial position and cash flows of (1) the Parent, (2) the Issuer (including all Guarantor subsidiaries prior to the merger), (3) the Non-Guarantor Subsidiaries, and (4) eliminations to arrive at the information for Euramax Holdings, Inc. on a consolidated basis. The condensed consolidating financial statements for all periods presented reflect the legal entity structure and Notes guaranty as of September 28, 2012 for comparative purposes. Separate financial statements and other disclosures concerning the former Guarantor subsidiaries are not presented because management does not believe such information is material to investors.

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

September 28, 2012
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	303		$	9,487		$	—		$	9,790
Accounts receivable, net of allowance for doubtful accounts	—			61,889			41,233			—			103,122
Inventories, net	—			71,569			29,261			—			100,830
Income taxes receivable	—			429			402			—			831
Deferred income taxes	—			2,171			198			—			2,369
Other current assets	—			4,576			1,783			—			6,359
Total current assets	—			140,937			82,364			—			223,301
Property, plant and equipment, net	—			70,989			71,201			—			142,190
Amounts due from affiliates	—			209,027			24,321			(233,348		)	—
Goodwill	—			81,182			115,320			—			196,502
Customer relationships, net	—			35,993			21,950			—			57,943
Other intangible assets, net	—			7,643			—			—			7,643
Investment in consolidated subsidiaries	(71,014		)	24,641			—			46,373			—
Deferred income taxes	—			—			35			—			35
Other assets	—			5,742			3,367			—			9,109
Total assets	$	(71,014	)	$	576,154		$	318,558		$	(186,975	)	$	636,723
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	56,198		$	24,921		$	—		$	81,119
Accrued expenses and other current liabilities	224			17,154			13,806			—			31,184
Accrued interest payable	—			17,704			—			—			17,704
Deferred income taxes	—			—			884			—			884
Total current liabilities	224			91,056			39,611			—			130,891
Long-term debt	—			515,420			—			—			515,420
Amounts due to affiliates	4,581			8,802			219,965			(233,348		)	—
Deferred income taxes	—			9,236			10,803			—			20,039
Other liabilities	—			22,654			23,538			—			46,192
Total liabilities	4,805			647,168			293,917			(233,348		)	712,542
Shareholders’ equity (deficit):
Common stock	189			—			21			(21		)	189
Additional paid-in capital	721,114			658,215			199,452			(857,667		)	721,114
Accumulated loss	(806,974		)	(739,081		)	(188,377		)	927,458			(806,974		)
Accumulated other comprehensive income	9,852			9,852			13,545			(23,397		)	9,852
Total shareholders’ equity (deficit)	(75,819		)	(71,014		)	24,641			46,373			(75,819		)
Total liabilities and shareholders’ equity (deficit)	$	(71,014	)	$	576,154		$	318,558		$	(186,975	)	$	636,723

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

December 30, 2011
(in thousands)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	962		$	13,365		$	—		$	14,327
Accounts receivable, net of allowance for doubtful accounts	—			43,241			39,993			—			83,234
Inventories, net	—			51,456			31,940			—			83,396
Income taxes receivable	—			177			520			—			697
Deferred income taxes	—			1,702			204			—			1,906
Other current assets	—			2,688			1,648			—			4,336
Total current assets	—			100,226			87,670			—			187,896
Property, plant and equipment, net	—			72,848			73,701			—			146,549
Amounts due from affiliates	—			232,191			28,360			(260,551		)	—
Goodwill	—			81,054			115,632			—			196,686
Customer relationships, net	—			43,110			26,526			—			69,636
Other intangible assets, net	—			8,148			—			—			8,148
Investment in consolidated subsidiaries	(48,935		)	30,605			—			18,330			—
Deferred income taxes	—			—			6			—			6
Other assets	—			6,418			3,907			—			10,325
Total assets	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	32,692		$	21,637		$	—		$	54,329
Accrued expenses and other current liabilities	96			16,623			16,706			—			33,425
Accrued interest payable	—			8,886			—			—			8,886
Deferred income taxes	—			—			891			—			891
Total current liabilities	96			58,201			39,234			—			97,531
Long-term debt	—			507,988			—			—			507,988
Amounts due to affiliates	4,262			27,315			228,974			(260,551		)	—
Deferred income taxes	—			8,158			13,343			—			21,501
Other liabilities	—			21,873			23,646			—			45,519
Total liabilities	4,358			623,535			305,197			(260,551		)	672,539
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	718,837			655,934			199,452			(855,386		)	718,837
Accumulated loss	(782,087		)	(714,641		)	(182,232		)	896,873			(782,087		)
Accumulated other comprehensive income	9,772			9,772			13,364			(23,136		)	9,772
Total shareholders’ equity (deficit)	(53,293		)	(48,935		)	30,605			18,330			(53,293		)
Total liabilities and shareholders’ equity (deficit)	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended September 28, 2012
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	154,293		$	67,987		$	(3,107	)	$	219,173
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			128,191			57,473			(3,107		)	182,557
Selling and general (excluding depreciation and amortization)	150			13,487			6,866			—			20,503
Depreciation and amortization	—			5,595			3,029			—			8,624
Other operating charges	—			635			205			—			840
Multiemployer pension withdrawal expense	—			39			—			—			39
Income (loss) from operations	(150		)	6,346			414			—			6,610
Equity in earnings of subsidiaries	(1,025		)	(2,055		)	—			3,080			—
Interest expense	—			(13,141		)	(253		)	—			(13,394		)
Intercompany income (loss), net	—			4,189			(4,189		)	—			—
Other income (loss), net	—			3,492			2			—			3,494
Loss before income taxes	(1,175		)	(1,169		)	(4,026		)	3,080			(3,290		)
Benefit for income taxes	—			(144		)	(1,971		)	—			(2,115		)
Net loss	$	(1,175	)	$	(1,025	)	$	(2,055	)	$	3,080		$	(1,175	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
For the Three Months Ended September 28, 2012
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(1,175	)	$	(1,025	)	$	(2,055	)	$	3,080		$	(1,175	)
Other comprehensive income (loss):
Foreign currency translation adjustment	26			26			26			(52		)	26
Net change in pension and other benefit liabilities, net of tax	86			86			24			(110		)	86
Total comprehensive loss	$	(1,063	)	$	(913	)	$	(2,005	)	$	2,918		$	(1,063	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended September 30, 2011
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	167,465		$	84,157		$	(4,842	)	$	246,780
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			143,049			70,928			(4,842		)	209,135
Selling and general (excluding depreciation and amortization)	148			15,230			7,752			—			23,130
Depreciation and amortization	—			5,693			3,625			—			9,318
Other operating charges	—			1,380			41			—			1,421
Income (loss) from operations	(148		)	2,113			1,811			—			3,776
Equity in earnings of subsidiaries	(26,897		)	(1,397		)	—			28,294			—
Interest expense	—			(13,357		)	(13		)	—			(13,370		)
Intercompany income (loss), net	—			4,688			(4,688		)	—			—
Other income (loss), net	—			(18,881		)	1,313			—			(17,568		)
Loss before income taxes	(27,045		)	(26,834		)	(1,577		)	28,294			(27,162		)
Provision (benefit) for income taxes	—			63			(180		)	—			(117		)
Net loss	$	(27,045	)	$	(26,897	)	$	(1,397	)	$	28,294		$	(27,045	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Three Months Ended September 30, 2011

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(27,045	)	$	(26,897	)	$	(1,397	)	$	28,294		$	(27,045	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,866		)	(1,866		)	(1,866		)	3,732			(1,866		)
Amortization of actuarial net loss, net of tax	11			11			—			(11		)	11
Comprehensive loss	$	(28,900	)	$	(28,752	)	$	(3,263	)	$	32,015		$	(28,900	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Nine Months Ended September 28, 2012
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	429,610		$	219,675		$	(7,637	)	$	641,648
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			358,378			183,516			(7,637		)	534,257
Selling and general (excluding depreciation and amortization)	447			42,921			21,055			—			64,423
Depreciation and amortization	—			16,679			9,259			—			25,938
Other operating charges	—			1,712			890			—			2,602
Multiemployer pension withdrawal expense	—			39			—			—			39
Income (loss) from operations	(447		)	9,881			4,955			—			14,389
Equity in earnings of subsidiaries	(24,440		)	(6,145		)	—			30,585			—
Interest expense	—			(40,055		)	(736		)	—			(40,791		)
Intercompany income (loss), net	—			12,861			(12,861		)	—			—
Other income (loss), net	—			(53		)	728			—			675
Loss before income taxes	(24,887		)	(23,511		)	(7,914		)	30,585			(25,727		)
(Benefit) provision for income taxes	—			929			(1,769		)	—			(840		)
Net loss	$	(24,887	)	$	(24,440	)	$	(6,145	)	$	30,585		$	(24,887	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
For the Nine Months Ended September 28, 2012
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(24,887	)	$	(24,440	)	$	(6,145	)	$	30,585		$	(24,887	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(176		)	(176		)	112			64			(176		)
Net change in pension and other benefit liabilities, net of tax	256			256			70			(326		)	256
Total comprehensive loss	$	(24,807	)	$	(24,360	)	$	(5,963	)	$	30,323		$	(24,807	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Nine Months Ended September 30, 2011
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	450,585		$	273,353		$	(9,921	)	$	714,017
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			378,874			226,423			(9,921		)	595,376
Selling and general (excluding depreciation and amortization)	445			45,683			24,770			—			70,898
Depreciation and amortization	—			17,109			10,955			—			28,064
Other operating charges	—			4,907			415			—			5,322
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(445		)	2,812			10,790			—			13,157
Equity in earnings of subsidiaries	(37,057		)	1,687			—			35,370			—
Interest expense	—			(39,344		)	(2,778		)	—			(42,122		)
Intercompany income (loss), net	—			10,172			(10,172		)	—			—
Other income, net	—			(12,578		)	3,666			—			(8,912		)
(Loss) income before income taxes	(37,502		)	(37,251		)	1,506			35,370			(37,877		)
Benefit for income taxes	—			(194		)	(181		)	—			(375		)
Net (loss) income	$	(37,502	)	$	(37,057	)	$	1,687		$	35,370		$	(37,502	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Nine Months Ended September 30, 2011

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor		Eliminations			Total
Net (loss) income	$	(37,502	)	$	(37,057	)	$	1,687	$	35,370		$	(37,502	)
Other comprehensive income (loss):
Foreign currency translation adjustment	2,893			2,893			2,631		(5,524		)	2,893
Net change in pension and other benefit liabilities, net of tax	32			32			—		(32		)	32
Total comprehensive (loss) income	$	(34,577	)	$	(34,132	)	$	4,318	$	29,814		$	(34,577	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Nine Months Ended September 28, 2012
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations		Total

Net cash (used in) provided by operating activities	$	—	$	(8,362	)	$	3,737		$	—	$	(4,625	)
Cash flows from investing activities:
Purchase of a business, net of cash acquired	—		(6,446		)	—			—		(6,446		)
Proceeds from sale of assets	—		1,287			2			—		1,289
Capital expenditures	—		(2,688		)	(1,898		)	—		(4,586		)
Net cash used in investing activities	—		(7,847		)	(1,896		)	—		(9,743		)

Cash flows from financing activities:
Changes in cash overdraft	—		3,467			—			—		3,467
Net borrowings on ABL Credit Facility	—		7,113			—			—		7,113
Debt issuance costs	—		—			(59		)	—		(59		)
Due (to) from affiliates	—		4,970			(4,970		)	—		—
Net cash provided by (used in) financing activities	—		15,550			(5,029		)	—		10,521
Effect of exchange rate changes on cash	—		—			(690		)	—		(690		)
Net decrease in cash and cash equivalents	—		(659		)	(3,878		)	—		(4,537		)
Cash and cash equivalents at beginning of period	—		962			13,365			—		14,327
Cash and cash equivalents at end of period	$	—	$	303		$	9,487		$	—	$	9,790

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Nine Months Ended September 30, 2011
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash (used in) provided by operating activities	$	—	$	(19,692	)	$	21,317		$	—		$	1,625
Cash flows from investing activities:
Proceeds from sale of assets	—		79			1			—			80
Capital expenditures	—		(5,540		)	(2,842		)	—			(8,382		)
Contributed capital to subsidiaries	—		(88,096		)	—			88,096			—
Return of capital from subsidiaries	—		151,085			—			(151,085		)	—
Net cash (used in) provided by investing activities	—		57,528			(2,841		)	(62,989		)	(8,302		)

Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		25,274			—			—			25,274
Net repayments on First Lien Credit Facility	—		(302,394		)	(109,634		)	—			(412,028		)
Borrowings under Senior Secured Notes	—		375,000			—			—			375,000
Borrowings under Senior Unsecured Notes	—		19,812			—			—			19,812
Contributed capital to subsidiaries	—		—			88,096			(88,096		)	—
Return of capital	—		—			(151,085		)	151,085			—
Debt issuance costs	—		(10,623		)	—			—			(10,623		)
Due (to) from affiliates	—		(147,774		)	147,774			—			—
Net cash (used in) provided by financing activities	—		(40,705		)	(24,849		)	62,989			(2,565		)
Effect of exchange rate changes on cash	—		—			927			—			927
Net decrease in cash and cash equivalents	—		(2,869		)	(5,446		)	—			(8,315		)
Cash and cash equivalents at beginning of period	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of period	$	—	$	5,402		$	11,185		$	—		$	16,587