STR Holdings: Final Results of Tender Offer

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EAST WINDSOR - STR Holdings, Inc. (NYSE:STRI) announced the final results of its modified "Dutch auction" tender offer (the "Offer"), which expired at 11:59 p.m. New York City time, on Monday, March 3, 2014.

The Company has accepted for purchase 15,611,958 shares of the Company's common stock at a purchase price of $1.54 per share, for an aggregate purchase price of $24,042,415.32, excluding fees and expenses relating to the Offer. These shares represent approximately 37.3% of the total number of shares of Company common stock issued and outstanding as of March 5, 2014. The Company funded its purchase of the shares tendered in the Offer using a portion of its cash and cash equivalents.

The Company's depositary for the tender offer, Broadridge Corporate Issuer Solutions, Inc., will promptly pay for the shares accepted for purchase. The Company is purchasing all shares validly tendered and not withdrawn in the tender offer.

Cowen and Company, LLC served as dealer manager for the tender offer, and Georgeson Inc. served as information agent for the tender offer. For more information about the tender offer, please contact Georgeson Inc. toll-free at +1 888-877-5373.

About STR

STR Holdings, Inc. is a provider of encapsulants to the photovoltaic module industry. Further information about STR Holdings, Inc. can be obtained via the Company's website at

CONTACT: Joseph C. Radziewicz
         Vice President and Chief Financial Officer
         STR Holdings, Inc.
         (860) 763-7014, x7437
         [email protected]
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