AQ Group

Major Shareholding Notification • Feb 19, 2021

Aeternum Capital acquires shares fromAQ Group's founders

Aeternum Capital has today acquired 1,850,000 shares inAQ GroupAB (publ) at a price of SEK 236.50 per share. The sellers areAQ's founders PO Andersson and Claes Mellgren, who have sold 925,000 shares each. The sale corresponds to 10.1% of the company's shares.

"We are very pleased that the current owners want to takeAeternum onAQ Group's journey. We want to contribute as an active owner in the company's next phase and we are very humble and supportive of the company culture and entrepreneurship that POAndersson and Claes Mellgren have created ", says Vegard Søraunet, Investment Manager at Aeternum Capital

"We see it as positive that AQ Group gets a new owner who has a long-term mindset and who knows us well. We are still long-term owners and strongly believe inAQnow and in the future. It is exciting with new owners who see the future ofAQ Group as brightly as we do, "say Claes Mellgren and PO Andersson.

Aeternum wants the Nomination Committee to propose Vegard Søraunet as a new board member ofAQ Group to this year's Annual General Meeting and this is supported by POAndersson and Claes Mellgren.

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Following the sale, Claes Mellgren owns 19.8% and POAndersson 19.5% of the shares inAQ Group.

For further information, please contact:

Anders Carlsson, CEO, +46 70 513 42 99 or CFO, Christina Hegg, telephone +46 70-318 92 48

This information is information that AQ Group AB (publ) is obliged to make public pursuant to Nasdaq Stockholm's Rule book for Issuers. The information was submitted for publication at 12:00 CET on February 19, 2021.

About Aeternum Capital

Aeternum is an alternative investment manager with a strategy to invest in public and private companies across the Nordic region. The main focus of the investment strategy is to apply an active ownership model to drive sustainable value creation in quality companies in the small and mid-cap segments. Through in-depth quantitative and qualitative analysis, Aeternum invests in public undervalued return expanders and overlooked industry leaders. Aeternum also invests in private companies in high-growth business verticals, with a strong value creation potential.

AQin brief

AQis a leading supplier to demanding industrial customers and is listed on Nasdaq Stockholm's main market.

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The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, provides cost effective solutions in close cooperation with the customer.

The Group headquarter is in Västerås, Sweden. AQhas, on December 31, 2020, in total about 5,900 employees in Sweden, Bulgaria, China, Estonia, Hungary, India, Italy, Lithuania, Mexico, Poland, Serbia, Finland, Canada, USA, Brazil and Germany.

In 2020AQhad net sales of SEK 4.8 billion and the group has since its start in 1994 shown profit every quarter.

www.aqg.se