Brussels, August 3, 2011 - RHJ International ("RHJI") announces an agreement on the settlement of various outstanding amounts advanced to its insolvent subsidiary, Honsel AG, and its subsidiaries. The outstanding amounts include loans made under backstop and liquidity revolving credit facilities and amounts owed under factoring and sale and lease back arrangements. Under the terms of the settlement agreement and following repayment of certain amounts since the start of the insolvency proceedings, RHJI will ultimately recover around EUR 20.5 million out of an aggregate EUR 35.1 million which was outstanding at the time of Honsel AG's filing for insolvency on October 25, 2010.

The settlement agreement results from the completion of the sale of Honsel AG's business which was announced on August 1, 2011. On May 5, 2011, Honsel AG announced that a committee of creditors, appointed as part of the insolvency proceedings, had agreed to a sale of the business to Canadian metal products maker Martinrea and financial investor Anchorage. The settlement agreement provides for the settlement and partial repayment of the balances owed under all facilities made available to Honsel AG and its subsidiaries by RHJI, with any unpaid amounts of those balances being waived as part of the settlement, except for a factoring agreement with Tafime, SL, Honsel's Spanish subsidiary, under which RHJI will continue to purchase receivables up to an aggregate outstanding balance of EUR 2 million for a period of one month after completion of the sale of the Honsel AG business. Tafime, SL will repurchase any outstanding receivables under this factoring facility upon its termination.

About RHJ International:
RHJ International (Euronext: RHJI) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. RHJI is transforming itself from a diversified industrial holding company into an active and dynamic financial services group. For further information visit: www.rhji.com