Press Release Details

Manitowoc Foodservice, Inc. Announces Exchange Offer for 9.500% Senior Notes Due 2024

August 26, 2016

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Manitowoc Foodservice, Inc. (NYSE: MFS), today announced that it has commenced an offer to exchange all of its outstanding 9.500% Senior Notes due 2024 (the “Original Notes”) for new 9.500% Senior Notes due 2024 (the “New Notes”) the issuance of which has been registered under the Securities Act of 1933, as amended (the “Securities Act”).

The New Notes and the Original Notes are substantially identical, except the New Notes will be issued in a transaction that will have been registered under the Securities Act, the New Notes will not contain securities law restrictions on transfer and the New Notes will not provide for registration rights or the payment of additional interest under circumstances relating to the timing of the exchange offer.

The exchange offer will expire at 5:00 pm, New York City time, on September 26, 2016, unless extended by Manitowoc Foodservice, Inc. Valid tenders of the Original Notes must be made, and may be withdrawn at any time, before the exchange offer expires.

Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, may be obtained from the exchange agent, Wells Fargo Bank, National Association, by registered or certified mail at Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street, Minneapolis, MN 55402, or by regular mail or overnight courier at Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street, Minneapolis, MN 55402.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. The exchange offer is being made only pursuant to a prospectus and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

About Manitowoc Foodservice, Inc.

Manitowoc Foodservice, Inc. designs, manufactures and supplies best-in-class food and beverage equipment for the global commercial foodservice market, offering customers unparalleled operator and patron insights, collaborative kitchen solutions, culinary expertise and world-class implementation support and service. Headquartered in the Tampa Bay area, Florida, and operating 19 manufacturing facilities throughout the Americas, Europe and Asia, the company sells through a global network of over 3,000 distributors and dealers in over 100 countries. The company has approximately 5,500 employees and generated sales of $1.57 billion in 2015. Its portfolio of 23 award-winning brands includes Cleveland™, Convotherm®, Delfield®, Fabristeel™, Frymaster®, Garland®, INDUCS™, Kolpak®, Koolaire®, Lincoln®, Manitowoc® Beverage Systems, Manitowoc® Ice, Merrychef®, Multiplex®, Servend® and Welbilt®. For more information, visit www.mtwfs.com.

Source: Manitowoc Foodservice, Inc.

Manitowoc Foodservice, Inc.

Rich Sheffer, 1-727-853-3079

Vice President – Investor Relations & Treasurer

2227 Welbilt Blvd.
New Port Richey, FL
34655

Toll Free: 877-375-9300

Phone: 727-375-7010

Fax: 727-375-0472

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