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 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, 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 March 30, 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

March 30, 2012
(in thousands)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	2,048		$	11,140		$	—		$	13,188
Accounts receivable, net of allowance for doubtful accounts	—			47,697			47,712			—			95,409
Inventories, net	—			62,803			33,343			—			96,146
Income taxes receivable	—			268			680			—			948
Deferred income taxes	—			1,702			209			—			1,911
Other current assets	—			3,949			2,654			—			6,603
Total current assets	—			118,467			95,738			—			214,205
Property, plant and equipment, net	—			69,853			75,002			—			144,855
Amounts due from affiliates	—			236,504			28,621			(265,125		)	—
Goodwill	—			81,054			118,949			—			200,003
Customer relationships, net	—			40,737			25,752			—			66,489
Other intangible assets, net	—			7,980			—			—			7,980
Investment in consolidated subsidiaries	(55,104		)	28,424			—			26,680			—
Deferred income taxes	—			—			15			—			15
Other assets	—			6,510			3,854			—			10,364
Total assets	$	(55,104	)	$	589,529		$	347,931		$	(238,445	)	$	643,911
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	45,403		$	27,696		$	—		$	73,099
Accrued expenses and other current liabilities	123			15,537			20,117			—			35,777
Accrued interest payable	—			17,848			—			—			17,848
Deferred income taxes	—			—			916			—			916
Total current liabilities	123			78,788			48,729			—			127,640
Long-term debt	—			507,856			—			—			507,856
Amounts due to affiliates	4,383			27,025			233,717			(265,125		)	—
Deferred income taxes	—			8,430			12,919			—			21,349
Other liabilities	—			22,534			24,142			—			46,676
Total liabilities	4,506			644,633			319,507			(265,125		)	703,521
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	719,592			656,688			199,452			(856,140		)	719,592
Accumulated loss	(790,207		)	(722,612		)	(185,221		)	907,833			(790,207		)
Accumulated other comprehensive income	10,820			10,820			14,172			(24,992		)	10,820
Total shareholders’ equity (deficit)	(59,610		)	(55,104		)	28,424			26,680			(59,610		)
Total liabilities and shareholders’ equity (deficit)	$	(55,104	)	$	589,529		$	347,931		$	(238,445	)	$	643,911

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 March 30, 2012
(in thousands)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	122,442		$	77,731		$	(1,490	)	$	198,683
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			103,647			64,408			(1,490		)	166,565
Sales and general (excluding depreciation and amortization)	149			14,918			7,814			—			22,881
Depreciation and amortization	—			5,552			3,129			—			8,681
Other operating charges	—			281			561			—			842
(Loss) income from operations	(149		)	(1,956		)	1,819			—			(286		)
Equity in earnings of subsidiaries	(7,971		)	(2,989		)	—			10,960			—
Interest expense	—			(13,310		)	(226		)	—			(13,536		)
Intercompany income (loss), net	—			4,373			(4,373		)	—			—
Other income (loss), net	—			6,337			(293		)	—			6,044
Loss before income taxes	(8,120		)	(7,545		)	(3,073		)	10,960			(7,778		)
Provision (benefit) for income taxes	—			426			(84		)	—			342
Net loss	$	(8,120	)	$	(7,971	)	$	(2,989	)	$	10,960		$	(8,120	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
For the Three Months Ended March 30, 2012
(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(8,120	)	$	(7,971	)	$	(2,989	)	$	10,960		$	(8,120	)
Foreign currency translation adjustment	963			963			785			(1,748		)	963
Net change in pension and other benefit liabilities, net of tax	85			85			23			(108		)	85
Comprehensive loss	$	(7,072	)	$	(6,923	)	$	(2,181	)	$	9,104		$	(7,072	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended April 1, 2011
(in thousands)



	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	124,954		$	87,762		$	(2,337	)	$	210,379
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			105,247			70,973			(2,337		)	173,883
Sales and general (excluding depreciation and amortization)	148			15,237			8,645			—			24,030
Depreciation and amortization	—			5,692			3,545			—			9,237
Other operating charges	—			2,417			—			—			2,417
Income (loss) from operations	(148		)	(3,639		)	4,599			—			812
Equity in earnings of subsidiaries	(8,183		)	5,398			—			2,785			—
Interest expense	—			(12,382		)	(2,751		)	—			(15,133		)
Intercompany income (loss), net	—			630			(630		)	—			—
Other income, net	—			1,490			3,396			—			4,886
(Loss) income before income taxes	(8,331		)	(8,503		)	4,614			2,785			(9,435		)
Income tax benefit	—			(320		)	(784		)	—			(1,104		)
Net (loss) income	$	(8,331	)	$	(8,183	)	$	5,398		$	2,785		$	(8,331	)

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

For the Three Months Ended April 1, 2011

(in thousands)

(unaudited)



	Parent			Issuer			Non-Guarantor		Eliminations			Total
Net (loss) income	$	(8,331	)	$	(8,183	)	$	5,398	$	2,785		$	(8,331	)
Foreign currency translation adjustment	4,296			4,296			4,365		(8,661		)	4,296
Comprehensive (loss) income	$	(4,035	)	$	(3,887	)	$	9,763	$	(5,876	)	$	(4,035	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Months Ended March 30, 2012
(in thousands)



	Parent		Issuer			Non-Guarantor			Eliminations		Total

Net cash used in operating activities	$	—	$	5,036		$	(5,702	)	$	—	$	(666	)
Cash flows from investing activities:
Proceeds from sale of assets	—		1,167			2			—		1,169
Capital expenditures	—		(580		)	(846		)	—		(1,426		)
Net cash provided by (used in) investing activities	—		587			(844		)	—		(257		)

Cash flows from financing activities:
Net repayments on ABL Credit Facility	—		(206		)	—			—		(206		)
Debt issuance costs	—		—			(46		)	—		(46		)
Due (to) from affiliates	—		(4,332		)	4,332			—		—
Net cash (used in) provided by financing activities	—		(4,538		)	4,286			—		(252		)
Effect of exchange rate changes on cash	—		—			36			—		36
Net (decrease) increase in cash and cash equivalents	—		1,085			(2,224		)	—		(1,139		)
Cash and cash equivalents at beginning of period	—		962			13,365			—		14,327
Cash and cash equivalents at end of period	$	—	$	2,047		$	11,141		$	—	$	13,188

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Three Months Ended April 1, 2011
(in thousands)



	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(3,795	)	$	(1,086	)	$	—		$	(4,881	)
Cash flows from investing activities:
Proceeds from sale of assets	—		42			—			—			42
Capital expenditures	—		(2,209		)	(1,067		)	—			(3,276		)
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	—		48,986			(1,067		)	(51,153		)	(3,234		)

Cash flows from financing activities:
Changes in bank overdrafts	—		2,997			—			—			2,997
Net borrowings on ABL Credit Facility	—		15,000			—			—			15,000
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	—		(8,282		)	—			—			(8,282		)
Due (to) from affiliates	—		(155,477		)	155,477			—			—
Net cash used in financing activities	—		(53,344		)	(5,310		)	51,153			(7,501		)
Effect of exchange rate changes on cash	—		—			(704		)	—			(704		)
Net decrease in cash and cash equivalents	—		(8,153		)	(8,167		)	—			(16,320		)
Cash and cash equivalents at beginning of period	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of period	$	—	$	118		$	8,464		$	—		$	8,582