DMC Global Inc. (NasdaqGS:BOOM) (?DMC? or the ?Company?) commented on Steel Connect, Inc. (NasdaqCM:STCN)?s recent unsolicited proposal (the ?Proposal?). DMC?s board of directors (the ?Board?) previously announced a review of strategic alternatives.

The Board will consider the Proposal as part of its ongoing deliberations, in consultation with its legal and financial advisors and in accordance with its fiduciary duties. In the meantime, stockholders need not take any action. There can be no assurance that the Board?s review of strategic alternatives and options will result in any transaction or other alternative, nor any assurance as to its outcome or timing.

There is no timetable for completion of this process and DMC does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate. BofA Securities is acting as financial advisor to DMC. Womble Bond Dickinson (US) LLP and Richards, Layton & Finger, P.A. are acting as DMC?s legal advisors, Morrow Sodali is acting as its strategic stockholder advisor, and Gagnier Communications LLC is its strategic communications advisor.