Catella

M&A Activity • Feb 8, 2018

Share acquisition in IPM completed

Catella announced on 27 November 2017 that the company had entered into an agreement with a number of existing shareholders in IPM Informed Portfolio Management B.V. ("IPM B.V.") to secure continued control of its subsidiary IPM Informed Portfolio Management AB ("IPM AB"). The acquisition was conditional upon certain terms that have now been met, and the transaction has been completed.

Catella's acquisition of shares in IPM B.V. was conditional in part upon approval by the financial supervisory authority in Luxembourg, Commission de Surveillance du Secteur Financier (CSSF), and the general meeting of shareholders in Catella AB. These conditions have now been met. Catella has therefore, through the bid described in greater detail in the press release of 27 November 2017, acquired approximately 13 percent of the shares in IPM B.V. The deal is based on an enterprise value for IPM AB of approximately SEK 2 billion and the acquisition price amounted to SEK 198.5 million. An earnout will be payable equivalent to 50 percent of the acquired shares' proportion of IPM AB's net profit after tax for 2017. Catella's direct and indirect ownership of IPM AB following the transaction amounts to 60.6 percent.

For further information, please contact:

Knut Pedersen President and CEO +46 8 463 33 10 knut.pedersen@catella.se

Erik Kjellgren Head of Equity, Hedge and Fixed Income Funds +46 70 314 40 35 erik.kjellgren@catella.se