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 $375 million of its 9.50% Senior Secured Notes due 2016 (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 First Supplemental 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, 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.

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	1,574		$	8,450		$	—		$	10,024
Accounts receivable, net of allowance for doubtful accounts	—			39,743			34,133			—			73,876
Inventories, net	—			62,986			26,308			—			89,294
Income taxes receivable	—			388			1,139			—			1,527
Deferred income taxes	—			793			114			—			907
Other current assets	—			3,358			1,431			—			4,789
Total current assets	—			108,842			71,575			—			180,417
Property, plant, and equipment, net	—			69,241			71,967						141,208
Amounts due from affiliates	—			218,957			30,651			(249,608		)	—
Goodwill	—			81,310			118,065			—			199,375
Customer relationships, net	—			33,620			20,969			—			54,589
Other intangible assets, net	—			7,475			—			—			7,475
Investment in consolidated subsidiaries	(81,316		)	18,549			—			62,767			—
Deferred income taxes	—			—			68			—			68
Other assets	—			6,225			5,065			—			11,290
Total assets	$	(81,316	)	$	544,219		$	318,360		$	(186,841	)	$	594,422

Liabilities and Shareholders' (deficit) equity
Current liabilities:
Accounts payable	$	—		$	34,921		$	20,962		$	—		$	55,883
Accrued expenses	10			17,582			13,075			—			30,667
Accrued interest payable	—			9,017			—			—			9,017
Deferred income taxes	—			—			847			—			847
Total current liabilities	10			61,520			34,884			—			96,414
Long-term debt	—			516,674			—			—			516,674
Amounts due to affiliates	4,666			15,844			229,098			(249,608		)	—
Deferred income taxes	—			8,621			11,798			—			20,419
Other liabilities	—			22,876			24,031			—			46,907
Total liabilities	4,676			625,535			299,811			(249,608		)	680,414

Shareholders' (deficit) equity:
Common stock	189			—			21			(21		)	189
Additional paid-in capital	721,869			658,970			199,452			(858,422		)	721,869
Accumulated loss	(818,855		)	(751,091		)	(195,851		)	946,942			(818,855		)
Accumulated other comprehensive income	10,805			10,805			14,927			(25,732		)	10,805
Total shareholders' (deficit) equity	(85,992		)	(81,316		)	18,549			62,767			(85,992		)
Total liabilities & shareholders' (deficit) equity	$	(81,316	)	$	544,219		$	318,360		$	(186,841	)	$	594,422

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 30, 2011

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
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	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' (deficit) equity	(53,293		)	(48,935		)	30,605			18,330			(53,293		)
Total liabilities & shareholders' (deficit) equity	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2012

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	565,237		$	281,912		$	(10,009	)	$	837,140
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			474,058			236,996			(10,009		)	701,045
Selling and general (excluding depreciation and amortization)	318			55,752			27,422			—			83,492
Depreciation and amortization	—			22,403			12,381			—			34,784
Other operating charges	—			2,336			4,089			—			6,425
Multiemployer pension withdrawal	—			39			—			—			39
Income (loss) from operations	(318		)	10,649			1,024			—			11,355
Equity in earnings of subsidiaries	(36,450		)	(13,618		)	—			50,068			—
Interest expense	—			(53,859		)	(999		)	—			(54,858		)
Intercompany interest income (expense)	—			17,353			(17,353		)	—			—
Other income, net	—			4,960			52			—			5,012
Loss before income taxes	(36,768		)	(34,515		)	(17,276		)	50,068			(38,491		)
(Benefit) provision for income taxes	—			1,935			(3,658		)	—			(1,723		)
Net loss	$	(36,768	)	$	(36,450	)	$	(13,618	)	$	50,068		$	(36,768	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
For the Year Ended December 31, 2012

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net loss	$	(36,768	)	$	(36,450	)	$	(13,618	)	$	50,068		$	(36,768	)
Other comprehensive income:
Foreign currency translation adjustment	80			80			367			(447		)	80
Pension liability adjustment, net of tax	953			953			1,196			(2,149		)	953
Total other comprehensive income	$	1,033		$	1,033		$	1,563		$	(2,596	)	$	1,033
Total comprehensive loss	$	(35,735	)	$	(35,417	)	$	(12,055	)	$	47,472		$	(35,735	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 30, 2011

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	597,779		$	347,811		$	(11,912	)	$	933,678
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			507,136			289,941			(11,912		)	785,165
Selling and general (excluding depreciation and amortization)	594			58,191			32,636			—			91,421
Depreciation and amortization	—			22,859			14,335			—			37,194
Other operating charges	—			7,718			686			—			8,404
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(594		)	675			10,213			—			10,294
Equity in earnings of subsidiaries	(62,123		)	(4,514		)	—			66,637			—
Interest expense	—			(52,163		)	(3,416		)	—			(55,579		)
Intercompany interest income (expense)	—			14,698			(14,698		)	—			—
Other income (loss), net	—			(18,606		)	4,489			—			(14,117		)
Loss before income taxes	(62,717		)	(59,910		)	(3,412		)	66,637			(59,402		)
Provision for income taxes	—			2,213			1,102			—			3,315
Net loss	$	(62,717	)	$	(62,123	)	$	(4,514	)	$	66,637		$	(62,717	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
For the Year Ended December 30, 2011
(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net loss	$	(62,717	)	$	(62,123	)	$	(4,514	)	$	66,637		$	(62,717	)
Other comprehensive income (loss):
Foreign currency translation adjustment	2,380			2,380			2,092			(4,472		)	2,380
Pension liability adjustment, net of tax	(5,837		)	(5,837		)	(3,351		)	9,188			(5,837		)
Total other comprehensive loss	(3,457		)	(3,457		)	(1,259		)	4,716			(3,457		)
Total comprehensive loss	$	(66,174	)	$	(65,580	)	$	(5,773	)	$	71,353		$	(66,174	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2010

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	585,438		$	312,158		$	(13,896	)	$	883,700
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			495,992			250,355			(13,896		)	732,451
Selling and general (excluding depreciation and amortization)	510			58,639			31,493			—			90,642
Depreciation and amortization	—			24,462			14,238			—			38,700
Other Operating Charges	—			2,939			—			—			2,939
Income (loss) from operations	(510		)	3,406			16,072			—			18,968
Equity in earnings of subsidiaries	(38,030		)	(1,891		)	17			39,904			—
Interest expense	—			(55,345		)	(12,988		)	—			(68,333		)
Intercompany interest (income) expense	—			(296		)	296			—			—
Other income (loss), net	—			624			(4,108		)	—			(3,484		)
Loss from continuing operations before income taxes	(38,540		)	(53,502		)	(711		)	39,904			(52,849		)
(Benefit) provision for income taxes	—			(15,624		)	1,163			—			(14,461		)
Loss from continuing operations	(38,540		)	(37,878		)	(1,874		)	39,904			(38,388		)
Loss from discontinued operations, net of tax	—			(152		)	—			—			(152		)
Net loss	$	(38,540	)	$	(38,030	)	$	(1,874	)	$	39,904		$	(38,540	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
For the Year Ended December 31, 2010
(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net loss	$	(38,540	)	$	(38,030	)	$	(1,874	)	$	39,904		$	(38,540	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(7,256		)	(7,256		)	(7,256		)	14,512			(7,256		)
Pension liability adjustment, net of tax	3,329			3,329			3,382			(6,711		)	3,329
Amortization of losses on derivative instruments, net of tax	2,904			2,904			—			(2,904		)	2,904
Total other comprehensive loss	(1,023		)	(1,023		)	(3,874		)	4,897			(1,023		)
Total comprehensive loss	$	(39,563	)	$	(39,053	)	$	(5,748	)	$	44,801		$	(39,563	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2012

(in thousands)



	Parent		Issuer			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	—	$	(539	)	$	4,524		$	—	$	3,985
Cash flows from investing activities:
Proceeds from sale of assets	—		1,317			4			—		1,321
Capital expenditures	—		(4,158		)	(2,982		)	—		(7,140		)
Purchase of a business, net of cash acquired	—		(6,445		)	—			—		(6,445		)
Net cash used in investing activities	—		(9,286		)	(2,978		)	—		(12,264		)

Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		8,280			—			—		8,280
Deferred Financing Fees	—		(8		)	(26		)	—		(34		)
Due (to) from affiliates	—		2,165			(2,165		)	—		—
Net cash provided by (used in) financing activities	—		10,437			(2,191		)	—		8,246
Effect of exchange rate changes on cash	—		—			(4,270		)	—		(4,270		)
Net increase (decrease) in cash and cash equivalents	—		612			(4,915		)	—		(4,303		)
Cash and cash equivalents at beginning of year	—		962			13,365			—		14,327
Cash and cash equivalents at end of year	$	—	$	1,574		$	8,450		$	—	$	10,024

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 30, 2011

(in thousands)



	Parent		Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	—	$	(15,469	)	$	34,065		$	—		$	18,596
Cash flows from investing activities:
Proceeds from sale of assets	—		79			355			—			434
Capital expenditures	—		(6,289		)	(3,862		)	—			(10,151		)
Contributed capital to subsidiaries	—		(99,930		)	—			99,930			—
Return of capital from subsidiaries	—		151,083			—			(151,083		)	—
Net cash (used in) provided by investing activities	—		44,943			(3,507		)	(51,153		)	(9,717		)
Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		10,205			—			—			10,205
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	—		—			99,930			(99,930		)	—
Return of capital	—		—			(151,083		)	151,083			—
Debt issuance costs	—		(6,510		)	(4,113		)	—			(10,623		)
Due (to) from affiliates	—		(132,896		)	132,896			—			—
Net cash used in financing activities	—		(36,783		)	(32,004		)	51,153			(17,634		)
Effect of exchange rate changes on cash	—		—			(1,820		)	—			(1,820		)
Net decrease in cash and cash equivalents	—		(7,309		)	(3,266		)	—			(10,575		)
Cash and cash equivalents at beginning of year	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of year	$	—	$	962		$	13,365		$	—		$	14,327

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2010

(in thousands)



	Parent		Issuer			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	—	$	(9,108	)	$	13,241		$	—	$	4,133
Cash flows from investing activities:
Proceeds from sale of assets	—		2,680			3			—		2,683
Capital expenditures	—		(7,136		)	(5,029		)	—		(12,165		)
Net cash used in investing activities	—		(4,456		)	(5,026		)	—		(9,482		)
Cash flow from financing activities:
Changes in cash overdraft	—		(8		)	—			—		(8		)
Net repayments on First Lien Credit Facility	—		(29,487		)	(7,551		)	—		(37,038		)
Due from (to) affiliates	—		9,203			(9,203		)	—		—
Net cash used in financing activities	—		(20,292		)	(16,754		)	—		(37,046		)
Effect of exchange rate changes on cash	—		—			(2,647		)	—		(2,647		)
Net decrease in cash and cash equivalents	—		(33,856		)	(11,186		)	—		(45,042		)
Cash and cash equivalents at beginning of year	—		42,127			27,817			—		69,944
Cash and cash equivalents at end of year	$	—	$	8,271		$	16,631		$	—	$	24,902