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 supplemental 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
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS

JUNE 27, 2014

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	6		$	2,521		$	—		$	2,527
Accounts receivable, less allowance for doubtful accounts	—			62,071			49,103			—			111,174
Inventories, net	—			84,878			28,500			—			113,378
Income taxes receivable	—			459			—			—			459
Deferred income taxes	—			556			20			—			576
Other current assets	—			4,058			3,150			—			7,208
Total current assets	—			152,028			83,294			—			235,322
Property, plant and equipment, net	—			57,268			66,291			—			123,559
Amounts due from affiliates	—			228,283			18,803			(247,086		)	—
Goodwill	—			81,358			122,309			—			203,667
Customer relationships, net	—			20,726			13,307			—			34,033
Other intangible assets, net	—			6,754			—			—			6,754
Investment in consolidated subsidiaries	(125,554		)	(995		)	—			126,549			—
Deferred income taxes	—			—			304			—			304
Other assets	—			3,252			4,059			—			7,311
Total assets	$	(125,554	)	$	548,674		$	308,367		$	(120,537	)	$	610,950
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$	—		$	63,766		$	26,605		$	—		$	90,371
Accrued expenses and other current liabilities	28			16,941			12,617			—			29,586
Accrued interest payable	—			12,835			84			—			12,919
Current portion of long-term debt	—			—			4,361			—			4,361
Deferred income taxes	—			—			601			—			601
Total current liabilities	28			93,542			44,268			—			137,838
Long-term debt	—			551,922			—			—			551,922
Amounts due to affiliates	5,537			11,641			229,908			(247,086		)	—
Deferred income taxes	—			10,458			8,678			—			19,136
Other liabilities	—			6,665			26,508			—			33,173
Total liabilities	5,565			674,228			309,362			(247,086		)	742,069
Shareholders’ (deficit) equity:
Common stock	195			—			21			(21		)	195
Additional paid-in capital	724,316			661,424			199,452			(860,876		)	724,316
Accumulated loss	(866,138		)	(797,486		)	(213,227		)	1,010,713			(866,138		)
Accumulated other comprehensive income	10,508			10,508			12,759			(23,267		)	10,508
Total shareholders’ (deficit) equity	(131,119		)	(125,554		)	(995		)	126,549			(131,119		)
Total liabilities and shareholders’ (deficit) equity	$	(125,554	)	$	548,674		$	308,367		$	(120,537	)	$	610,950

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING 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
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 27, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	161,813		$	73,178		$	(2,001	)	$	232,990
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			134,370			60,708			(2,001		)	193,077
Selling and general (excluding depreciation and amortization)	102			12,067			7,021			—			19,190
Depreciation and amortization	—			5,403			2,848			—			8,251
Other operating charges	—			1,694			647			—			2,341
Income (loss) from operations	(102		)	8,279			1,954			—			10,131
Equity in earnings of subsidiaries	(3,014		)	(1,292		)	—			4,306			—
Interest expense	—			(13,542		)	(372		)	—			(13,914		)
Intercompany income (loss), net	—			4,774			(4,774		)	—			—
Other (loss) income, net	—			(1,170		)	654			—			(516		)
(Loss) income before income taxes	(3,116		)	(2,951		)	(2,538		)	4,306			(4,299		)
(Benefit from) provision for income taxes	—			63			(1,246		)	—			(1,183		)
Net loss	$	(3,116	)	$	(3,014	)	$	(1,292	)	$	4,306		$	(3,116	)

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

FOR THE THREE MONTHS ENDED JUNE 27, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(3,116	)	$	(3,014	)	$	(1,292	)	$	4,306		$	(3,116	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(65		)	(65		)	(65		)	130			(65		)
Defined benefit pension plan adjustments, net of tax	21			21			19			(40		)	21
Total comprehensive loss	$	(3,160	)	$	(3,058	)	$	(1,338	)	$	4,396		$	(3,160	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED JUNE 28, 2013
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	158,120		$	73,820		$	(2,079	)	$	229,861
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			131,031			61,509			(2,079		)	190,461
Selling and general (excluding depreciation and amortization)	95			13,669			6,176			—			19,940
Depreciation and amortization	—			5,558			2,892			—			8,450
Other operating charges	—			248			878			—			1,126
Income (loss) from operations	(95		)	7,614			2,365			—			9,884
Equity in earnings of subsidiaries	(1,461		)	(2,557		)	—			4,018			—
Interest expense	—			(13,507		)	(347		)	—			(13,854		)
Intercompany income (loss), net	—			4,402			(4,402		)	—			—
Other income (loss), net	—			2,529			(418		)	—			2,111
Loss before income taxes	(1,556		)	(1,519		)	(2,802		)	4,018			(1,859		)
Benefit from income taxes	—			(58		)	(245		)	—			(303		)
Net loss	$	(1,556	)	$	(1,461	)	$	(2,557	)	$	4,018		$	(1,556	)

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

FOR THE THREE MONTHS ENDED JUNE 28, 2013

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(1,556	)	$	(1,461	)	$	(2,557	)	$	4,018		$	(1,556	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(157		)	(157		)	(157		)	314			(157		)
Defined benefit pension plan adjustments, net of tax	81			81			10			(91		)	81
Total comprehensive loss	$	(1,632	)	$	(1,537	)	$	(2,704	)	$	4,241		$	(1,632	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 27, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	263,659		$	142,760		$	(3,525	)	$	402,894
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			226,143			117,430			(3,525		)	340,048
Selling and general (excluding depreciation and amortization)	220			24,478			13,268			—			37,966
Depreciation and amortization	—			10,792			5,661			—			16,453
Other operating charges	—			2,236			1,070			—			3,306
Income (loss) from operations	(220		)	10			5,331			—			5,121
Equity in earnings of subsidiaries	(22,168		)	(2,984		)	—			25,152			—
Interest expense	—			(26,949		)	(730		)	—			(27,679		)
Intercompany income (loss), net	—			9,339			(9,339		)	—			—
Other (loss) income, net	—			(853		)	533			—			(320		)
Loss before income taxes	(22,388		)	(21,437		)	(4,205		)	25,152			(22,878		)
(Benefit from) provision for income taxes	—			731			(1,221		)	—			(490		)
Net loss	$	(22,388	)	$	(22,168	)	$	(2,984	)	$	25,152		$	(22,388	)

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

FOR THE SIX MONTHS ENDED JUNE 27, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(22,388	)	$	(22,168	)	$	(2,984	)	$	25,152		$	(22,388	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(454		)	(454		)	(454		)	908			(454		)
Defined benefit pension plan adjustments, net of tax	41			41			37			(78		)	41
Total comprehensive loss	$	(22,801	)	$	(22,581	)	$	(3,401	)	$	25,982		$	(22,801	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 28, 2013
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	263,434		$	142,543		$	(3,571	)	$	402,406
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			224,095			119,107			(3,571		)	339,631
Selling and general (excluding depreciation and amortization)	188			26,730			12,462			—			39,380
Depreciation and amortization	—			11,133			5,910			—			17,043
Other operating charges	—			666			3,234			—			3,900
Income (loss) from operations	(188		)	810			1,830			—			2,452
Equity in earnings of subsidiaries	(29,484		)	(7,448		)	—			36,932			—
Interest expense	—			(26,856		)	(596		)	—			(27,452		)
Intercompany income (loss), net	—			8,680			(8,680		)	—			—
Other loss, net	—			(3,422		)	(812		)	—			(4,234		)
Loss before income taxes	(29,672		)	(28,236		)	(8,258		)	36,932			(29,234		)
Provision for (benefit from) income taxes	—			1,248			(810		)	—			438
Net loss	$	(29,672	)	$	(29,484	)	$	(7,448	)	$	36,932		$	(29,672	)

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

FOR THE SIX MONTHS ENDED JUNE 28, 2013

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(29,672	)	$	(29,484	)	$	(7,448	)	$	36,932		$	(29,672	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(342		)	(342		)	(342		)	684			(342		)
Defined benefit pension plan adjustments, net of tax	165			165			21			(186		)	165
Total comprehensive loss	$	(29,849	)	$	(29,661	)	$	(7,769	)	$	37,430		$	(29,849	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 27, 2014
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(17,262	)	$	(7,878	)	$	—		$	(25,140	)
Cash flows from investing activities:
Proceeds from sale of assets	—		65			1			—			66
Capital expenditures	—		(1,650		)	(1,311		)	—			(2,961		)
Due from (to) affiliates	—		—			345			(345		)	—
Net cash used in investing activities	—		(1,585		)	(965		)	(345		)	(2,895		)
Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		16,260			—			—			16,260
Net borrowings on Dutch Revolving Credit Facility	—		—			4,361			—			4,361
Change in cash overdrafts	—		1,326			—			—			1,326
Debt issuance costs	—		(88		)	—			—			(88		)
Due (to) from affiliates	—		(345		)	—			345			—
Net cash provided by financing activities	—		17,153			4,361			345			21,859
Effect of exchange rate changes on cash	—		—			(274		)	—			(274		)
Net decrease in cash and cash equivalents	—		(1,694		)	(4,756		)	—			(6,450		)
Cash and cash equivalents at beginning of period	—		1,700			7,277			—			8,977
Cash and cash equivalents at end of period	$	—	$	6		$	2,521		$	—		$	2,527

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 28, 2013
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(22,393	)	$	(10,990	)	$	—		$	(33,383	)
Cash flows from investing activities:
Proceeds from sale of assets	—		164			2,022			—			2,186
Capital expenditures	—		(2,879		)	(2,079		)	—			(4,958		)
Due from (to) affiliates						4,148			(4,148		)	—
Net cash (used in) provided by investing activities	—		(2,715		)	4,091			(4,148		)	(2,772		)
Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		22,953			—			—			22,953
Changes in cash overdraft	—		5,144			—			—			5,144
Net borrowings on Dutch Revolving Credit Facility	—		—			3,333			—			3,333
Debt issuance costs	—		(175		)	—			—			(175		)
Due (to) from affiliates	—		(4,148		)	—			4,148			—
Net cash provided by financing activities	—		23,774			3,333			4,148			31,255
Effect of exchange rate changes on cash	—		—			(23		)	—			(23		)
Net decrease in cash and cash equivalents	—		(1,334		)	(3,589		)	—			(4,923		)
Cash and cash equivalents at beginning of period	—		1,574			8,450			—			10,024
Cash and cash equivalents at end of period	$	—	$	240		$	4,861		$	—		$	5,101