Supplemental Guarantor Condensed Financial Information

On March 18, 2011, Euramax Holdings (presented as Parent in the following schedules), through its 100% owned subsidiary, Euramax International (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, Euramax International, and Amerimax Richmond Company, a 100% owned domestic subsidiary of Euramax International. No other subsidiaries of Euramax International, whether direct or indirect, guarantee the 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 the ABL Credit Facility. In the event that secured creditors exercise remedies with respect to Euramax International'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 Indenture contains restrictive covenants that limit, among other things, the ability of Euramax International and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. These limitations also limit Euramax International's ability to transfer cash or assets to Euramax Holdings, whether by dividend, loan or otherwise.

The following condensed consolidating financial statements present the results of operations, comprehensive operations, financial position and cash flows of (1) the Parent, (2) the Issuer, (3) the Non-Guarantor Subsidiaries, and (4) eliminations to arrive at the information for Euramax Holdings on a consolidated basis.

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

MARCH 28, 2014

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	8		$	4,390		$	—		$	4,398
Accounts receivable, less allowance for doubtful accounts	—			42,625			49,498			—			92,123
Inventories, net	—			77,351			27,378			—			104,729
Income taxes receivable	—			315			—			—			315
Deferred income taxes	—			557			20			—			577
Other current assets	—			4,432			3,276			—			7,708
Total current assets	—			125,288			84,562			—			209,850
Property, plant and equipment, net	—			59,876			66,967			—			126,843
Amounts due from affiliates	—			224,574			22,678			(247,252		)	—
Goodwill	—			81,359			122,815			—			204,174
Customer relationships, net	—			22,676			14,698			—			37,374
Other intangible assets, net	—			6,923			—			—			6,923
Investment in consolidated subsidiaries	(122,620		)	344			—			122,276			—
Deferred income taxes	—			—			93			—			93
Other assets	—			3,644			4,315			—			7,959
Total assets	$	(122,620	)	$	524,684		$	316,128		$	(124,976	)	$	593,216
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$	—		$	57,580		$	26,070		$	—		$	83,650
Accrued expenses and other current liabilities	22			13,505			12,458			—			25,985
Accrued interest payable	—			21,685			87			—			21,772
Current portion of long-term debt	—			—			14,657			—			14,657
Deferred income taxes	—			—			606			—			606
Total current liabilities	22			92,770			53,878			—			146,670
Long-term debt	—			521,769			—			—			521,769
Amounts due to affiliates	5,440			15,757			226,055			(247,252		)	—
Deferred income taxes	—			10,152			9,701			—			19,853
Other liabilities	—			6,856			26,150			—			33,006
Total liabilities	5,462			647,304			315,784			(247,252		)	721,298
Shareholders’ (deficit) equity:
Common stock	195			—			21			(21		)	195
Additional paid-in capital	724,193			661,300			199,452			(860,752		)	724,193
Accumulated loss	(863,022		)	(794,472		)	(211,934		)	1,006,406			(863,022		)
Accumulated other comprehensive income	10,552			10,552			12,805			(23,357		)	10,552
Total shareholders’ (deficit) equity	(128,082		)	(122,620		)	344			122,276			(128,082		)
Total liabilities and shareholders’ (deficit) equity	$	(122,620	)	$	524,684		$	316,128		$	(124,976	)	$	593,216

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2013
(in thousands)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	1,700		$	7,277		$	—		$	8,977
Accounts receivable, less allowance for doubtful accounts	—			35,012			38,984			—			73,996
Inventories, net	—			62,270			27,490			—			89,760
Income taxes receivable	—			341			641			—			982
Deferred income taxes	—			559			21			—			580
Other current assets	—			5,462			1,546			—			7,008
Total current assets	—			105,344			75,959			—			181,303
Property, plant and equipment, net	—			62,185			67,929			—			130,114
Amounts due from affiliates	—			229,101			18,828			(247,929		)	—
Goodwill	—			81,359			122,694			—			204,053
Customer relationships, net	—			24,626			16,005			—			40,631
Other intangible assets, net	—			7,073			—			—			7,073
Investment in consolidated subsidiaries	(103,217		)	2,407			—			100,810			—
Deferred income taxes	—			—			87			—			87
Other assets	—			4,185			4,527			—			8,712
Total assets	$	(103,217	)	$	516,280		$	306,029		$	(147,119	)	$	571,973
LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$	—		$	30,312		$	26,950		$	—		$	57,262
Accrued expenses and other current liabilities	14			16,133			10,219			—			26,366
Accrued interest payable	—			8,973			47			—			9,020
Deferred income taxes	—			—			605			—			605
Total current liabilities	14			55,418			37,821			—			93,253
Long-term debt	—			535,396			—			—			535,396
Amounts due to affiliates	5,332			12,086			230,511			(247,929		)	—
Deferred income taxes	—			9,561			9,419			—			18,980
Other liabilities	—			7,036			25,871			—			32,907
Total liabilities	5,346			619,497			303,622			(247,929		)	680,536
Shareholders’ (deficit) equity:
Common stock	195			—			21			(21		)	195
Additional paid-in capital	724,071			661,180			199,452			(860,632		)	724,071
Accumulated loss	(843,750		)	(775,318		)	(210,242		)	985,560			(843,750		)
Accumulated other comprehensive income	10,921			10,921			13,176			(24,097		)	10,921
Total shareholders’ (deficit) equity	(108,563		)	(103,217		)	2,407			100,810			(108,563		)
Total liabilities and shareholders’ (deficit) equity	$	(103,217	)	$	516,280		$	306,029		$	(147,119	)	$	571,973

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 28, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	101,846		$	69,582		$	(1,524	)	$	169,904
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			91,773			56,722			(1,524		)	146,971
Selling and general (excluding depreciation and amortization)	118			12,411			6,247			—			18,776
Depreciation and amortization	—			5,389			2,813			—			8,202
Other operating charges	—			542			423			—			965
(Loss) income from operations	(118		)	(8,269		)	3,377			—			(5,010		)
Equity in losses of subsidiaries	(19,154		)	(1,692		)	—			20,846			—
Interest expense	—			(13,407		)	(358		)	—			(13,765		)
Intercompany income (loss), net	—			4,565			(4,565		)	—			—
Other income (loss), net	—			317			(121		)	—			196
Loss before income taxes	(19,272		)	(18,486		)	(1,667		)	20,846			(18,579		)
Provision for income taxes	—			668			25			—			693
Net loss	$	(19,272	)	$	(19,154	)	$	(1,692	)	$	20,846		$	(19,272	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 28, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(19,272	)	$	(19,154	)	$	(1,692	)	$	20,846		$	(19,272	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(389		)	(389		)	(389		)	778			(389		)
Defined benefit pension plan adjustments, net of tax	20			20			18			(38		)	20
Total comprehensive loss	$	(19,641	)	$	(19,523	)	$	(2,063	)	$	21,586		$	(19,641	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 29, 2013
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	105,314		$	68,723		$	(1,492	)	$	172,545
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			93,064			57,598			(1,492		)	149,170
Selling and general (excluding depreciation and amortization)	93			13,061			6,286			—			19,440
Depreciation and amortization	—			5,575			3,018			—			8,593
Other operating charges	—			418			2,356			—			2,774
Loss from operations	(93		)	(6,804		)	(535		)	—			(7,432		)
Equity in losses of subsidiaries	(28,023		)	(4,891		)	—			32,914			—
Interest expense	—			(13,349		)	(249		)	—			(13,598		)
Intercompany income (loss), net	—			4,278			(4,278		)	—			—
Other loss, net	—			(5,951		)	(394		)	—			(6,345		)
Loss before income taxes	(28,116		)	(26,717		)	(5,456		)	32,914			(27,375		)
Provision for (benefit from) income taxes	—			1,306			(565		)	—			741
Net loss	$	(28,116	)	$	(28,023	)	$	(4,891	)	$	32,914		$	(28,116	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 29, 2013

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(28,116	)	$	(28,023	)	$	(4,891	)	$	32,914		$	(28,116	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(185		)	(185		)	(185		)	370			(185		)
Defined benefit pension plan adjustments, net of tax	84			84			11			(95		)	84
Total comprehensive loss	$	(28,217	)	$	(28,124	)	$	(5,065	)	$	33,189		$	(28,217	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 28, 2014
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash (used in) provided by operating activities	$	—	$	4,233		$	(8,119	)	$	—		$	(3,886	)
Cash flows from investing activities:
Proceeds from sale of assets	—		43			—			—			43
Capital expenditures	—		(976		)	(512		)	—			(1,488		)
Due (to) from affiliate	—		—			(8,616		)	8,616			—
Net cash used in investing activities	—		(933		)	(9,128		)	8,616			(1,445		)
Cash flows from financing activities:
Net borrowings on Dutch Revolving Credit Facility	—		—			14,657			—			14,657
Net borrowings on ABL Credit Facility	—		(13,756		)	—			—			(13,756		)
Change in cash overdrafts	—		236			—			—			236
Debt issuance costs	—		(88		)	—			—			(88		)
Due from (to) affiliates	—		8,616			—			(8,616		)	—
Net cash provided by (used in) financing activities	—		(4,992		)	14,657			(8,616		)	1,049
Effect of exchange rate changes on cash	—		—			(297		)	—			(297		)
Net decrease in cash and cash equivalents	—		(1,692		)	(2,887		)	—			(4,579		)
Cash and cash equivalents at beginning of period	—		1,700			7,277			—			8,977
Cash and cash equivalents at end of period	$	—	$	8		$	4,390		$	—		$	4,398

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 29, 2013

(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(15,183	)	$	(8,145	)	$	—		$	(23,328	)
Cash flows from investing activities:
Proceeds from sale of assets	—		116			—			—			116
Capital expenditures	—		(1,263		)	(963		)	—			(2,226		)
Due (to) from affiliates	—		—			(8,845		)	8,845			—
Net cash used in investing activities	—		(1,147		)	(9,808		)	8,845			(2,110		)
Cash flows from financing activities:
Net borrowings on Dutch Revolving Credit Facility	—		—			11,510			—			11,510
Net borrowings on ABL Credit Facility	—		7,802			—			—			7,802
Debt issuance costs	—		(175		)	—			—			(175		)
Due from (to) affiliates	—		8,845			—			(8,845		)	—
Net cash provided by financing activities	—		16,472			11,510			(8,845		)	19,137
Effect of exchange rate changes on cash	—		—			464			—			464
Net (decrease) increase in cash and cash equivalents	—		142			(5,979		)	—			(5,837		)
Cash and cash equivalents at beginning of period	—		1,574			8,450			—			10,024
Cash and cash equivalents at end of period	$	—	$	1,716		$	2,471		$	—		$	4,187