GSE Holding, Inc. Announces Pricing of Its Initial Public Offering

HOUSTON, Feb. 9, 2012 /PRNewswire/ -- GSE Holding, Inc. ("GSE") today announced the pricing of its initial public offering of 7,000,000 shares of common stock at a public offering price of $9.00 per share. All of the shares in the offering are being sold by GSE. GSE has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares at the initial public offering price to cover over-allotments, if any. The shares are expected to begin trading tomorrow, February 10, 2012, on the New York Stock Exchange under the ticker symbol "GSE", and the offering is expected to close on February 15, 2012.

GSE expects to use the net proceeds from the offering to, among other things, repay $20.0 million of borrowings under its Second Lien Term Loan and all outstanding borrowings under its Revolving Credit Facility, and for working capital and general corporate purposes.

Oppenheimer & Co. Inc., William Blair & Company, L.L.C. and FBR Capital Markets & Co. are acting as joint book-running managers for the offering. BMO Capital Markets Corp. and Macquarie Capital (USA) Inc. are acting as co-managers for the offering.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering of these securities is being made only by means of a prospectus forming part of the effective registration statement, copies of which may be obtained by sending a request to one of the following: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, Telephone: 212-667-8563, Email: EquityProspectus@opco.com; William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, Telephone: 800-621-0687, Email: prospectus@williamblair.com; and FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1001 Nineteenth Street North, Arlington, Virginia 22209, Telephone: 703-312-9500, Email: prospectuses@fbr.com. The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GSE

GSE Holding, Inc., a Delaware corporation, is a leading global provider of highly engineered geosynthetic containment solutions for environmental protection and confinement applications. Its products are used in a wide range of infrastructure end markets such as mining, waste management, liquid containment (including water infrastructure, agriculture and aquaculture), coal ash containment and shale oil and gas. The company is headquartered in Houston, Texas.

Forward-Looking Statements

This press release may include forward-looking statements within the meaning of the U.S. federal securities laws in addition to historical information. These statements include but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as "expects," "contemplates," "anticipates," "plans," "intends," "believes" and variations of such words or similar expressions that predict or indicate future events, or that do not relate to historical matters. These statements, which include but are not limited to statements regarding our intended use of proceeds from this offering, are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. There can be no assurance that our beliefs or expectations will be achieved. Actual results may differ materially from our beliefs or expectations due to economic, business, competitive, market and regulatory factors. We do not intend to update the forward-looking statements in this press release unless we are required to do so under applicable securities laws.

CONTACT: Cade Kohoutek, Phone: 281-230-6733, Email: ckohoutek@gseworld.com

SOURCE GSE Holding, Inc.



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