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-Guarantor Subsidiaries").

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

SEPTEMBER 26, 2014

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	907		$	2,328		$	—		$	3,235
Accounts receivable, less allowance for doubtful accounts	—			69,856			41,311			—			111,167
Inventories, net	—			92,459			27,719			—			120,178
Income taxes receivable	—			542			—			—			542
Deferred income taxes	—			556			19			—			575
Other current assets	—			5,603			2,517			—			8,120
Total current assets	—			169,923			73,894			—			243,817
Property, plant and equipment, net	—			55,054			61,297			—			116,351
Amounts due from affiliates	—			207,556			18,594			(226,150		)	—
Goodwill	—			81,359			113,983			—			195,342
Customer relationships, net	—			18,776			11,166			—			29,942
Other intangible assets, net	—			6,599			—			—			6,599
Investment in consolidated subsidiaries	(141,507		)	(2,243		)	—			143,750			—
Deferred income taxes	—			—			419			—			419
Other assets	—			2,765			3,699			—			6,464
Total assets	$	(141,507	)	$	539,789		$	283,052		$	(82,400	)	$	598,934
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$	—		$	71,145		$	23,541		$	—		$	94,686
Accrued expenses and other current liabilities	41			19,289			11,228			—			30,558
Accrued interest payable	—			21,736			34			—			21,770
Current portion of long-term debt	—			—			8,253			—			8,253
Deferred income taxes	—			—			559			—			559
Total current liabilities	41			112,170			43,615			—			155,826
Long-term debt	—			540,812			—			—			540,812
Amounts due to affiliates	5,625			11,403			209,122			(226,150		)	—
Deferred income taxes	—			10,450			7,709			—			18,159
Other liabilities	—			6,461			24,849			—			31,310
Total liabilities	5,666			681,296			285,295			(226,150		)	746,107
Shareholders’ (deficit) equity:
Common stock	195			—			21			(21		)	195
Additional paid-in capital	724,443			661,550			199,452			(861,002		)	724,443
Accumulated loss	(882,544		)	(813,790		)	(214,697		)	1,028,487			(882,544		)
Accumulated other comprehensive income	10,733			10,733			12,981			(23,714		)	10,733
Total shareholders’ (deficit) equity	(147,173		)	(141,507		)	(2,243		)	143,750			(147,173		)
Total liabilities and shareholders’ (deficit) equity	$	(141,507	)	$	539,789		$	283,052		$	(82,400	)	$	598,934

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 SEPTEMBER 26, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	177,682		$	64,674		$	(2,414	)	$	239,942
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			150,361			54,213			(2,414		)	202,160
Selling and general (excluding depreciation and amortization)	102			11,722			5,589			—			17,413
Depreciation and amortization	—			5,406			2,736			—			8,142
Other operating charges	—			795			256			—			1,051
Income (loss) from operations	(102		)	9,398			1,880			—			11,176
Equity in earnings (losses) of subsidiaries	(16,304		)	(1,471		)	—			17,775			—
Interest expense	—			(13,571		)	(324		)	—			(13,895		)
Intercompany income (loss), net	—			4,486			(4,486		)	—			—
Other (loss) income, net	—			(15,023		)	967			—			(14,056		)
Loss before income taxes	(16,406		)	(16,181		)	(1,963		)	17,775			(16,775		)
(Benefit from) provision for income taxes	—			123			(492		)	—			(369		)
Net loss	$	(16,406	)	$	(16,304	)	$	(1,471	)	$	17,775		$	(16,406	)

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

FOR THE THREE MONTHS ENDED SEPTEMBER 26, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(16,406	)	$	(16,304	)	$	(1,471	)	$	17,775		$	(16,406	)
Other comprehensive income:
Foreign currency translation adjustment	204			204			204			(408		)	204
Defined benefit pension plan adjustments, net of tax	21			21			18			(39		)	21
Total comprehensive loss	$	(16,181	)	$	(16,079	)	$	(1,249	)	$	17,328		$	(16,181	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 27, 2013
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	165,866		$	64,365		$	(2,396	)	$	227,835
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			137,171			54,017			(2,396		)	188,792
Selling and general (excluding depreciation and amortization)	325			13,686			6,376			—			20,387
Depreciation and amortization	—			5,579			2,935			—			8,514
Other operating charges	—			155			1,300			—			1,455
Income (loss) from operations	(325		)	9,275			(263		)	—			8,687
Equity in earnings (losses) of subsidiaries	16,584			(4,171		)	—			(12,413		)	—
Interest expense	—			(13,528		)	(277		)	—			(13,805		)
Intercompany income (loss), net	—			4,478			(4,478		)	—			—
Other income (loss), net	—			8,313			(18		)	—			8,295
Income (loss) before income taxes	16,259			4,367			(5,036		)	(12,413		)	3,177
Benefit from income taxes	—			(12,217		)	(865		)	—			(13,082		)
Net income (loss)	$	16,259		$	16,584		$	(4,171	)	$	(12,413	)	$	16,259

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

FOR THE THREE MONTHS ENDED SEPTEMBER 27, 2013

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net income (loss)	$	16,259		$	16,584		$	(4,171	)	$	(12,413	)	$	16,259
Other comprehensive income (loss):
Foreign currency translation adjustment	(89		)	(89		)	(89		)	178			(89		)
Defined benefit pension plan adjustments, net of tax	81			81			8			(89		)	81
Total comprehensive income (loss)	$	16,251		$	16,576		$	(4,252	)	$	(12,324	)	$	16,251

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 26, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	441,341		$	207,434		$	(5,939	)	$	642,836
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			376,504			171,643			(5,939		)	542,208
Selling and general (excluding depreciation and amortization)	322			36,200			18,857			—			55,379
Depreciation and amortization	—			16,198			8,397			—			24,595
Other operating charges	—			3,031			1,326			—			4,357
Income (loss) from operations	(322		)	9,408			7,211			—			16,297
Equity in earnings (losses) of subsidiaries	(38,472		)	(4,455		)	—			42,927			—
Interest expense	—			(40,520		)	(1,054		)	—			(41,574		)
Intercompany income (loss), net	—			13,825			(13,825		)	—			—
Other (loss) income, net	—			(15,876		)	1,500			—			(14,376		)
Loss before income taxes	(38,794		)	(37,618		)	(6,168		)	42,927			(39,653		)
(Benefit from) provision for income taxes	—			854			(1,713		)	—			(859		)
Net loss	$	(38,794	)	$	(38,472	)	$	(4,455	)	$	42,927		$	(38,794	)

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

FOR THE NINE MONTHS ENDED SEPTEMBER 26, 2014
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(38,794	)	$	(38,472	)	$	(4,455	)	$	42,927		$	(38,794	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(250		)	(250		)	(250		)	500			(250		)
Defined benefit pension plan adjustments, net of tax	62			62			55			(117		)	62
Total comprehensive loss	$	(38,982	)	$	(38,660	)	$	(4,650	)	$	43,310		$	(38,982	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 27, 2013
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net sales	$	—		$	429,300		$	206,908		$	(5,967	)	$	630,241
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			361,266			173,124			(5,967		)	528,423
Selling and general (excluding depreciation and amortization)	513			40,416			18,838			—			59,767
Depreciation and amortization	—			16,712			8,845			—			25,557
Other operating charges	—			821			4,534			—			5,355
Income (loss) from operations	(513		)	10,085			1,567			—			11,139
Equity in earnings (losses) of subsidiaries	(12,900		)	(11,619		)	—			24,519			—
Interest expense	—			(40,384		)	(873		)	—			(41,257		)
Intercompany income (loss), net	—			13,158			(13,158		)	—			—
Other income (loss), net	—			4,891			(830		)	—			4,061
Loss before income taxes	(13,413		)	(23,869		)	(13,294		)	24,519			(26,057		)
Benefit from income taxes	—			(10,969		)	(1,675		)	—			(12,644		)
Net loss	$	(13,413	)	$	(12,900	)	$	(11,619	)	$	24,519		$	(13,413	)

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

FOR THE NINE MONTHS ENDED SEPTEMBER 27, 2013

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(13,413	)	$	(12,900	)	$	(11,619	)	$	24,519		$	(13,413	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(431		)	(431		)	(431		)	862			(431		)
Defined benefit pension plan adjustments, net of tax	246			246			29			(275		)	246
Total comprehensive loss	$	(13,598	)	$	(13,085	)	$	(12,021	)	$	25,106		$	(13,598	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 26, 2014
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(8,172	)	$	(6,143	)	$	—		$	(14,315	)
Cash flows from investing activities:
Proceeds from sale of assets	—		776			1			—			777
Capital expenditures	—		(3,239		)	(1,994		)	—			(5,233		)
Due from (to) affiliates	—		4,949			—			(4,949		)	—
Net cash (used in) provided by investing activities	—		2,486			(1,993		)	(4,949		)	(4,456		)
Cash flows from financing activities:
Net borrowings on Dutch Revolving Credit Facility	—		—			8,253			—			8,253
Net borrowings on ABL Credit Facility	—		4,981			—			—			4,981
Change in cash overdrafts	—		—			215			—			215
Debt issuance costs	—		(88		)	—			—			(88		)
Due (to) from affiliates	—		—			(4,949		)	4,949			—
Net cash provided by financing activities	—		4,893			3,519			4,949			13,361
Effect of exchange rate changes on cash	—		—			(332		)	—			(332		)
Net decrease in cash and cash equivalents	—		(793		)	(4,949		)	—			(5,742		)
Cash and cash equivalents at beginning of period	—		1,700			7,277			—			8,977
Cash and cash equivalents at end of period	$	—	$	907		$	2,328		$	—		$	3,235

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 27, 2013
(in thousands)

(unaudited)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(10,148	)	$	(6,588	)	$	—		$	(16,736	)
Cash flows from investing activities:
Proceeds from sale of assets	—		266			2,022			—			2,288
Capital expenditures	—		(4,379		)	(2,976		)	—			(7,355		)
Due from (to) affiliates	—		—			2,209			(2,209		)	—
Net cash (used in) provided by investing activities	—		(4,113		)	1,255			(2,209		)	(5,067		)
Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		19,514			—			—			19,514
Net borrowings on Dutch Revolving Credit Facility	—		—			1,836			—			1,836
Debt issuance costs	—		(175		)	—			—			(175		)
Due (to) from affiliates	—		(2,209		)	—			2,209			—
Net cash provided by financing activities	—		17,130			1,836			2,209			21,175
Effect of exchange rate changes on cash	—		—			64			—			64
Net (decrease) increase in cash and cash equivalents	—		2,869			(3,433		)	—			(564		)
Cash and cash equivalents at beginning of period	—		1,574			8,450			—			10,024
Cash and cash equivalents at end of period	$	—	$	4,443		$	5,017		$	—		$	9,460