Belden Reaffirms All-Cash Offer to Acquire RuggedCom for C$22.00

Belden Inc.

has reaffirmed its all-cash offer to acquire RuggedCom Inc. for C$22.00 per share, following a thorough review of the RuggedCom Board of Directors' recommendation that shareholders reject the offer. The offer, which was announced on December 19, implies a total purchase price of approximately C$280 million and represents a 62% premium to RuggedCom's pre-offer closing share price of C$13.61 as of December 16, 2011, as well as an 87% premium to the company's enterprise value as of that date. The offer is not subject to any financing conditions, providing RuggedCom shareholders with certainty of value and immediate liquidity while removing financing, market, and execution risks to shareholders.