Pricing of Initial Public Offering

Pricing of Initial Public Offering
CAESAREA, Israel, March 22, 2012- Caesarstone Sdot-Yam Ltd., a manufacturer of high quality engineered quartz surfaces, today announced the pricing of its initial public offering of ordinary shares at a price of $11.00 per share. The Company is offering 6,660,000 ordinary shares. The underwriters have been granted a 30-day over-allotment option to purchase up to 999,000 additional shares from the Company to cover over-allotments, if any. The Company’s ordinary shares are expected to start trading on the Nasdaq Global Select Market on March 22, 2012 under the symbol “CSTE”. The closing of the offering is scheduled to take place on March 27, 2012.
J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, and Robert W. Baird & Co. Incorporated and Stifel, Nicolaus & Company, Incorporated are the co-managers for the offering.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. Copies of the final prospectus may be obtained from J.P. Morgan Securities LLC, via telephone at (866) 803-9204 or by mail at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; from Barclays Capital Inc., via telephone at (888) 603-5847 or by mail at c/o Barclays Capital Inc. at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; or from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY, 10010 or via telephone: (800) 221-1037.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Caesarstone
Caesarstone manufactures high quality engineered quartz surfaces, which are used in both residential and commercial buildings as countertops and other types of interior surfaces. The wide variety of colors, styles, designs and textures of quartz the Company produces, along with the product’s inherent durability, provide consumers with a product competitive with granite, manufactured solid surfaces, and laminate. The Company’s products are available in 42 countries around the world.
Contacts
For Caesarstone Sdot-Yam Ltd.
Investor Relations
James Palczynski, +1 (203) 682-8229
jp@icrinc.com