London, 5 March 2012: AAC Capital UK (“AAC UK”), the mid-market buy-out firm, today announces that it has sold Amtico Group (“Amtico”), the leading international designer andmanufacturer of high end flooring, to Mannington Mills, Inc. (“Mannington”), the US-headquartered provider of branded flooring products.

Amtico created the market for high quality floor tiles over 40 years ago and has been at theforefront of producing innovative and resilient flooring products for residential andcommercial interiors ever since. Its internationally recognised brand is synonymous withcutting-edge design and high performance. The company employs 600 people operatingfrom its headquarters in Coventry (UK) and facilities in Madison (USA) and Conyers (USA).Amtico has been actively managed by AAC UK since its acquisition in August 2006. DuringAAC UK’s ownership revenues have grown 32%, output volume is up 54% and profits havegrown 54% despite raw material cost growth and a recession in the construction industry.

Highlights of AAC UK’s successful strategy for the business include:

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Launch of a new product, Spacia, which now generates annual sales of £44m andhas a 10% global share of the mid-market, not previously addressed by Amtico

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Consolidation of UK market leadership with strong internationalisation to US (sales +40%), Continental Europe (sales +100%) and entry into Middle East, South Americaand Poland

•New factory in Conyers (US) and consolidation of UK business into one factory in Coventry

•Productivity and process improvements in all facilities making domestic manufactureof Spacia a viable alternative to Chinese imports

Paul Southwell, UK Managing Partner at AAC UK, said; “This is our second successful exitwithin a month following the sale of Volution in February 2012. Both Volution and Amtico aregreat examples of what we do best; working with first rate management teams of UK

headquartered businesses to drive domestic and international growth. Our investors havereceived another strong return in a challenging macro-economic environment and we wishJonathan and his team every continued success under their new ownership.”

Jonathan Duck, CEO of Amtico, said: “The Amtico story is a case study in what a business can achieve under private equity ownership. Since AAC UK invested in Amtico, our outputand profits have risen by over 50%. We have also brought jobs back to the UK and US from

China, proving that there is a long term future for manufacturing in the West.”

Simon Tuttle and Grant Paul-Florence co-ordinated the investment and exit on behalf of AACUK.