Ramius Comments on Preliminary Results of Special Meeting of Orthofix Shareholders

Business Wire, April 02, 2009

NEW YORK -- RCG Starboard Advisors, LLC, an affiliate of Ramius LLC (collectively, “Ramius”), today announced that despite having received strong support from shareholders, based on preliminary voting results, it appears that Ramius has not received the number of votes necessary to elect its four nominees to replace four incumbent directors of Orthofix International N.V. (“Orthofix” or the “Company”) (Nasdaq: OFIX) at the Special General Meeting of Orthofix Shareholders.

Ramius Partner Jeffrey C. Smith commented, “We appreciate the significant support we received from our fellow shareholders over the past few months. We are supportive of the actions that management and the Board have taken to enhance value since we announced our involvement on December 3, 2008. We hope and expect that this process will bring a new and re-invigorated sense of accountability at the Board level, and that management and the Board will continue with their newly found focus on shareholder value creation.”

About Ramius LLC

Ramius LLC is a registered investment advisor that manages assets in a variety of alternative investment strategies. Ramius LLC is headquartered in New York with offices located in London, Tokyo, Hong Kong, Munich, and Vienna.