The Supervisory Board of Vallourec SA decided to co-opt Ms. Laurence Broseta as a Supervisory Board member to replace Mr. Michel de Fabiani, who will be resigning effective April 5, 2016. The ratification of Ms. Broseta's appointment will be proposed during Vallourec shareholders' annual general assembly held next April, 6. Ms. Broseta is currently Managing Director of Transdev's French operations. She possesses tremendous industrial experience and performs managerial functions both in France and internationally.

She sits on the Thales Board of Directors. Moreover, the Supervisory Board decided, effective April 5, 2016, to appoint Mr. Pierre Pringuet as Member and President of the Committee of Nominations, Remuneration and Governance, to replace Mr. Michel de Fabiani. The Supervisory Board President and all Board members would like to thank Mr. Michel de Fabiani, who is resigning, and Mr. Jean-François Cirelli, whose term as Supervisory Board member expires upon completion of the next General Assembly, for their active involvement and contribution to advancing the Supervisory Board's agenda.