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New Enterprise Stone & Lime Co., Inc. Announces Termination of SEC Reporting Obligations


New Enterprise Stone & Lime Co., Inc. (“NESL” or the “Company”) today announced that it filed a certification and notice with the Securities and Exchange Commission on Form 15 terminating the Company’s reporting obligations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company had previously been voluntarily filing periodic and current reports under the Exchange Act to comply with the indenture governing its 11% Senior Notes due 2018, which was satisfied and discharged on March 15, 2017. The Company intends to cease filing future periodic and current reports under the Exchange Act from and after the date hereof.

Additionally, on March 15, 2017, the Company issued $200.0 million in 10.125% Unsecured Notes due April 1, 2022 (“Notes”). The indenture governing the Notes requires the Company to provide certain reports to investors privately and not by filing the reports with the SEC. Holders of the Notes and qualified investors should contact the Company's investor relations contact or the Company for access to such information:

About New Enterprise Stone & Lime Co., Inc.

New Enterprise Stone & Lime Co., Inc. is a leading privately held, vertically integrated construction materials supplier and heavy/highway construction contractor in Pennsylvania and western New York and a national traffic safety services and equipment provider. Our core businesses include: (i) construction materials (aggregate production (crushed stone and construction sand and gravel), hot mix asphalt production and ready mixed concrete production), (ii) heavy/highway construction (heavy construction, blacktop paving and other site preparation services) and (iii) traffic safety services and equipment.

Forward-Looking Statements

Statements included herein may constitute forward-looking statements. These statements are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s reports filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward looking statements made herein.

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