Bufab AB

Report Publication Announcement • Feb 21, 2014

NOT FOR RELEASE IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES.

This information is in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of NASDAQ OMX Stockholm. This information was submitted for publication on 21 February, 2014, at 07.00 CET.

PRESS RELEASE, Värnamo 21 February, 2014

Final price in Bufab's initial public offering set at SEK 46 per share – Trading on NASDAQ OMX Stockholm commences today

Bufab Holding AB (publ) ("Bufab" or the "Company"), a leading European C-Parts supply chain partner, today announces the outcome of the initial public offering (the "Offering") of its shares and listing on NASDAQ OMX Stockholm.

The Offering attracted strong interest among Swedish and international institutional investors as well as Swedish retail investors. The Offering was over-subscribed multiple times.

The Offering in brief

• The final Offering price has been set at SEK 46 per share (the "Offering price"), corresponding to a market value of all shares issued by Bufab of MSEK 1,753.
• The Offering was increased in accordance with the terms of the Offering by 2,878,253 shares, implying that a total of 24,047,820 shares1 , corresponding to approximately 63.1 per cent of the total number of shares in Bufab, are being sold by Nordic Capital Fund V2 (the "Principal Owner").
• To cover potential over-allotment in connection with the Offering, the Principal Owner has undertaken to, at the request of Carnegie Investment Bank AB (publ) ("Carnegie") and Handelsbanken Capital Markets ("Handelsbanken"), sell additional shares corresponding to up to 15 per cent of the number of shares comprised by the Offering (the "Over-Allotment option"), equal to not more than 3,607,173 shares, representing approximately 9.5 per cent of the total number of shares in the Company. If the Over-Allotment option is exercised in full, the Offering comprises 27,654,993 shares, corresponding to approximately 72.6 per cent of the total number of shares in the Company.
• The total value of the Offering amounts to MSEK 1,272, assuming that the Over-Allotment option is exercised in full.
• Trading in Bufab's shares on NASDAQ OMX Stockholm commences today, 21 February, 2014, under the symbol "BUFAB".

Jörgen Rosengren, CEO of Bufab:

"For the past few weeks we have been focusing our attention on presenting Bufab to investors, and we are both proud of and pleased with the positive response we have had. It demonstrates confidence in the Company and our strategy. Bufab is now entering a new chapter in its history, and we are looking forward to continuing to develop Bufab as a listed company with approximately 1,600 new shareholders."

Ulf Rosberg, board member of Bufab and Senior Advisor to NC Advisory AB, advisor to the Nordic Capital Funds:

"There has been a great deal of interest in subscribing for Bufab's shares, and we are very pleased to see many reputable institutions with a long term agenda coming in as owners of the Company. Bufab has developed from a regional start-up company into an international market leader and Nordic Capital looks forward to following and participating in Bufab's future development."

¹ The information on the number of shares in this press release relates to conditions after the conversion of existing preference shares into ordinary shares carried out in connection with the listing of the Company's shares on NASDAQ OMX Stockholm (the "Set-off issue"). The Set-off issue is carried out at a subscription price equal to the Offer Price, SEK 46 per share, and implies that 11,198,613 new ordinary shares are issued through the Set-off issue. The Set-off issue will be registered with the Swedish Companies Registration Office on or about 21 February, 2014. After the Set-off issue there will be 38,110,533 shares outstanding in Bufab.

² Nordic Capital Fund V or its indirect subsidiary Bufab S.à r.l., the largest Shareholder in Bufab, as the context may require. Nordic Capital Fund V is comprised of (1) Nordic Capital V Limited, acting as general partner of Nordic Capital V, L.P.; and (2) NC V Limited.

Following completion of the Offering and assuming that the Over-Allotment option is exercised in full, the Principal Shareholder will remain the largest shareholder with approximately 20 per cent of the shares in Bufab. Approximately 1,600 investors have been allocated shares in Bufab.

Carnegie and Handelsbanken are acting as Joint Lead Managers and Joint Bookrunners in connection with the Offering.

For additional information, please contact:

Boel Sundvall, Director of Communication and Investor Relations ir@bufab.com, tel: +46 370 69 69 61

About Bufab

Bufab is a trading company that delivers components and services to the global manufacturing industry. The Company has a strong focus on so called C-Parts, such as nuts, screws, washers and other components that the Company's customers view as non-strategic. Bufab's customer offering, Global Parts Productivity, aims to improve the productivity of the customer's value chain of C-Parts, with special focus on assortment management and sourcing. The Company is currently conducting operations in Sweden, Norway, Finland, Denmark, United Kingdom, the United States, France, Italy, Spain, Turkey, Poland, Russia, Hungary, Estonia, Rumania, Slovakia, Germany, Austria, the Netherlands, Czech Republic, China, India and Taiwan, from which the Company also exports to a number of other countries.

During the last ten years, Bufab has reported an average net sales growth of 7 per cent, of which the organic growth amounted to approximately 4 per cent, and during the corresponding period the Company has reported an average operating margin of 11 per cent, adjusted for non-recurring items. 3 In 2013, Bufab's net sales amounted to MSEK 2,031 and the operating profit amounted to MSEK 201. The Company's headquarter is situated in Värnamo and Bufab has approximately 770 employees, who are mainly active within sales, sourcing, quality, logistics and in-house manufacturing.

The Company has a diversified customer base in several geographies and industry segments within the manufacturing industry. As a complement to the trading business, the Company also conducts particularly demanding technical manufacturing of C-Parts in-house at two plants in Sweden.

Important information

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Bufab Holding AB (the "Company") in any jurisdiction where such offer or sale would be unlawful.

In any EEA Member State, other than Sweden, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member State, the "Prospectus Directive"), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. Any securities sold in the United States will be sold only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) pursuant to Rule 144A.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it.

³ Adjustments have primarily been made for non-recurring items regarding costs due to personnel reductions and increased risk of obsolescence in inventory, and impairment of goodwill related to Bufab Spain. Non-adjusted average operating margin for the same period amounts to 10 per cent.