Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, has been notified that the European Commission will be initiating a Phase II review of the Company's proposed merger with Siemens. The Company still expects the transaction to close in the summer of 2015, or earlier, subject to regulatory approval in Europe and certain other jurisdictions, and the satisfaction of other customary closing conditions.  The transaction has received regulatory approval in the United States, Brazil, Canada, Russia and South Korea.

About Dresser-Rand

Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries.  The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, India, and Brazil, and maintains a network of 51 service and support centers (including 7 engineering and R&D centers) covering more than 150 countries.