Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, today announced the closing of its exchange offer to exchange $479.5 million aggregate principal amount of its outstanding 9.500% Senior Secured Notes due 2021 (“old notes”) for a like principal amount of 9.500% Senior Secured Notes due 2021 (“new notes”) that have been registered under the Securities Act of 1933, as amended (the “Securities Act”).

The new notes are identical in all material respects to the outstanding old notes, except that the new notes are registered under the Securities Act, generally are not subject to transfer restriction, are not entitled to registration rights or related provisions relating to additional interest applicable to the old notes and bear a different CUSIP or ISIN number from the old notes. Like the old notes, the new notes are guaranteed on a senior secured basis by each of the Company's direct and indirect wholly-owned subsidiaries (other than those that are securitization subsidiaries or immaterial subsidiaries) existing as of the issue date of the old notes. The Company did not receive any proceeds upon the consummation of the exchange offer.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the new notes or any other securities.

ABOUT XERIUM TECHNOLOGIES, INC.

Xerium is a leading global provider of industrial consumable products and services. Xerium, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 28 manufacturing facilities in 13 countries around the world, Xerium has approximately 2,900 employees.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. The words “will”, “believe,” “estimate,” “expect,” “intend,” “anticipate,” “goals,” variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Forward-looking statements are not guarantees of future performance, and actual results may vary materially from the results expressed or implied in such statements. Differences may result from actions taken by us, as well as from risks and uncertainties beyond our control. These risks and uncertainties include the risks and uncertainties discussed elsewhere in this press release, our Form 10-K for the year ended December 31, 2015 filed on March 14, 2016, our Form 10-Q for the quarter ended September 30, 2016 filed on October 27, 2016 and our other SEC filings. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this press release reflects our current views with respect to future events. Except as required by law, we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise. We are subject to substantial risks and uncertainties related to current economic conditions, and we encourage investors to refer to our SEC filings for additional information.

Xerium Technologies, Inc.Clifford Pietrafitta, 919-526-1403Cliff.Pietrafitta@xerium.com

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