Brussels, December 30, 2005 - RHJ International (the"Company") today published its Condensed Consolidated Financial Statements for the six months ended September 30, 2005 in accordance with Belgian law. In conjunction with such publication, the Company is issuing this press release to provide access to such information to all investors.

The Company has ownership interests in seven businesses which were contributed to it on March 31, 2005, in connection with a private placement and a global offering of its ordinary shares on Euronext Brussels in March 2005. For comparison purposes to its Condensed Consolidated Income Statement ended September 30, 2005 presented below, the Company has used the Unaudited Pro Forma Consolidated Income Statement for the six months ended September 30, 2004, presented in connection with the listing of its ordinary shares. Because the consolidated results of operations are primarily an aggregation of the results of operations of its six consolidated businesses, the Company is also presenting Condensed Income Statements for those businesses on an individual basis.


1. Condensed Consolidated Financial Statements for the six months ended September 30, 2005 (unaudited)

The Company's Condensed Consolidated Financial Statements for the six months ended September 30, 2005 have been prepared in accordance with IAS 34 on Interim Financial Reporting and comply with International Financial Reporting Standards (IFRS). Beginning April 1, 2005, the Company adopted IFRS 2 (Share-based Payment) and IFRS 5 (Non-current Assets Held for Sale and Discontinued Operations). In accordance with IFRS 3 (Business Combinations), the Company has provisionally allocated goodwill arising from the contribution on March 31, 2005 of the businesses to the fair value of the assets acquired and the liabilities assumed. The allocation of goodwill will be presented in its final form in the Company's Consolidated Financial Statements for the year ending March 31, 2006.


The reporting currency is the Japanese Yen. The Company's Condensed Consolidated Financial Statements for the six months ended September 30, 2005 have been translated for convenience into Euro using the exchange rate prevailing at September 30, 2005 (Euro/JPY = 136.1, except for the Balance Sheet as at March 31, 2005, which has been converted at Euro/JPY = 138.352).

The ownership interests in the Company's seven businesses were contributed to it on March 31, 2005 at fair value. At September 30, 2005, the Company provisionally allocated the goodwill arising from the contribution among the fair value of assets acquired and liabilities assumed. The purchase price allocation has been undertaken for all contributed businesses. It is based on an independent appraiser's opinion on the fair values of tangible and identifiable intangible assets, and liabilities at March 31, 2005. Acquired inventories of finished goods and work-in-process have been fair-valued at their net realizable value less disposal costs. The Company's Consolidated Balance Sheet at March 31, 2005 has been restated to reflect the effects of the provisional purchase price allocation. These effects are reflected solely in the Company's Consolidated Financial Statements and, in accordance with IFRS, will not be recorded in the financial statements of the individual companies, and accordingly are not reflected in their Condensed Income Statements