Bergman & Beving

Earnings Release • Aug 12, 2010

PRESS RELEASE

B&B TOOLS implements reclassification of costs and internal transfer of operations

Reclassification of costs

In preparation for the 2010/2011 financial year, the B&B TOOLS Group performed a review of the accounting methods applied. Following this review, certain cost items have now been reclassified.

The reclassification entails that a number of cost items will be recognised under "Other operating expense" and not under "Goods for resale" as they were in the past. The adjustments carried out will impact gross profit (contribution margin) compared with the methods previously applied, while operating profit for the operating areas and the Group as a whole will not be affected by the reclassification. To enable comparability in future reports, the quarterly income statement for the 2009/2010 financial year has been restated in accordance with the new recognition methods, which are presented in Enclosure 1.

Internal transfer of operations

As of 1 April 2010, the Group's joint salary centre will be transferred to the item "Group-wide" in the consolidated financial statements (previously recognised under the Solutions operating area). To enable comparability in future reports, the amounts reported by operating area for the 2009/2010 financial year have been restated in accordance with the new Group structure, which is presented in Enclosure 2.

The new method for classifying costs and the transfer for accounting purposes of the Group's salary centre will be applied as of the Interim Report for the first quarter of the current operating year (1 April – 30 June 2010), including recalculated comparative data for prior years. The Interim Report will be published on 19 August 2010.

Stockholm, 12 August 2010

B&B TOOLS AB (publ)

For further information, contact: Mats Björkman, Executive Vice President & CFO, B&B TOOLS AB, telephone +46 8 660 10 30 Mats Karlqvist, Vice President – Investor Relations, B&B TOOLS AB, telephone +46 70 660 31 32

UNITED FOR INDUSTRIAL EFFICIENCY

B&B TOOLS provides the industrial and construction sectors in northern Europe with industrial consumables, industrial components and related services. The Group currently has annual revenue of approximately SEK 7.6 billion and approximately 2,800 employees.

This information is disclosed in accordance with the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act or demands stated in the regulations for issuers.

B&B TOOLS AB (publ)

Mail address PO Box 10024 SE-100 55 Stockholm Sweden Visit Karlavägen 76 Stockholm Tel +46 8 660 10 30 Fax +46 8 660 58 70 Org No 556034-8590 Reg office Stockholm Web www.bb.se

ENCLOSURE 1 –

Pro forma – Recognition for the Group as a whole for 2009/2010, taking into consideration the reclassification of costs

PRO FORMA INCOME STATEMENT		Per quarter 2009/2010	Full-year
- GROUP SUMMARY MSEK	Apr – Jun 2009	Jul – Sep 2009	Oct – Dec 2009	Jan – Mar 2010	2009/ 2010
Revenue	1,991	1,830	1,985	1,842	7,648
Shares in profit of associated companies	0	0	0	1	1
Other operating income	1	1	2	1	5
Total operating revenue	1,992	1,831	1,987	1,844	7,654
Goods for resale	–1 218	–1,103	–1,199	–1,099	–4,619
Personnel costs	–435	–388	–444	–400	–1,667
Depreciation, amortisation, impairment losses and reversal of impairment losses	–17	–17	–18	–17	–69
Other operating expense	–274	–252	–246	–266	–1,038
Total operating expense	–1,944	–1,760	–1,907	–1,782	–7,393
Operating profit	48	71	80	62	261
Financial income and expense	–16	–18	–17	–17	–68
Profit after net financial items	32	53	63	45	193
Taxes	–9	–16	–18	–16	–59
Net profit for the period	23	37	45	29	134
Of which attributable to: Parent Company shareholders Minority interest	23 0	37 0	44 1	30 –1	134 0
Earnings per share*, SEK
- before dilution	0.80	1.30	1.55	1.05	4.80
- after dilution	0.80	1.30	1.55	1.05	4.80

* Calculated on the basis of shareholders' proportion of profit.

RECLASSIFICATION AMOUNT	Per quarter 2009/2010				Full-year
PER INCOME STATEMENT LINE MSEK	Apr – Jun 2009	Jul – Sep 2009	Oct – Dec 2009	Jan – Mar 2010	2009/ 2010
Goods for resale	+27	+24	+4	+20	+75
Other operating expense	–27	–24	–4	–20	–75
Total operating expense	0	0	0	0	0

ENCLOSURE 2 –

Pro forma – Reporting by operating area for 2009/2010, taking into consideration the internal transfer of operations

REVENUE	Per quarter
MSEK	Apr – Jun 2009	Jul – Sep 2009	Oct – Dec 2009	Jan – Mar 2010	2009/ 2010
GROUP	1,991	1,830	1,985	1,842	7,648
MARKETS	1,339	1,184	1,345	1,243	5,111
Of which
Sweden	528	466	561	517	2,072
Norway	412	350	387	345	1,494
Finland	206	186	198	178	768
TOOLS Momentum	200	190	209	208	807
SOLUTIONS	923	887	923	891	3,624
Of which
Product Companies	907	872	917	860	3,556
Group-wide	22	22	21	30	95
Eliminations	–293	–263	–304	–322	–1,182

OPERATING PROFIT/LOSS		Full-year
MSEK	Apr – Jun 2009	Jul – Sep 2009	Oct – Dec 2009	Jan – Mar 2010	2009/ 2010
GROUP	48	71	80	62	261
MARKETS	23	25	30	2	80
Of which
Sweden	–28	–5	6	–9	–36
Norway	25	6	5	–7	29
Finland	3	0	–1	–4	–2
TOOLS Momentum	20	23	18	19	80
SOLUTIONS	28	50	47	51	176
Of which
Product Companies	37	56	62	60	215
Group-wide	–2	–1	0	12	9
Eliminations	–1	–3	3	–3	–4

ADJUSTMENT AMOUNTS PER		Full-year
OPERATING AREA MSEK	Apr – Jun 2009	Jul – Sep 2009	Oct – Dec 2009	Jan – Mar 2010	2009/ 2010
REVENUE
Solutions	–2	–1	–1	–2	–6
Group-wide	+4	+4	+3	+12	+23
Eliminations	–2	–3	–2	–10	–17
Group	0	0	0	0	0
OPERATING PROFIT/LOSS
Solutions	0	0	0	–3	–3
Group-wide	0	0	0	+3	+3
Group	0	0	0	0	0

OPERATING MARGIN		Full-year
%	Apr – Jun 2009	Jul – Sep 2009	Oct – Dec 2009	Jan – Mar 2010	2009/ 2010
GROUP	2.4	3.9	4.0	3.4	3.4
MARKETS	1.7	2.1	2.2	0.2	1.6
Of which
Sweden	–5.3	–1.1	1.1	–1.7	–1.7
Norway	6.1	1.7	1.3	–2.0	1.9
Finland	1.5	0.0	–0.5	–2.2	–0.3
TOOLS Momentum	10.0	12.1	8.6	9.1	9.9
SOLUTIONS	3.0	5.6	5.1	5.7	4.9
Of which
Product Companies	4.1	6.4	6.8	7.0	6.0
Group-wide	N/A	N/A	N/A	N/A	N/A
Eliminations	N/A	N/A	N/A	N/A	N/A

ENCLOSURE 2 – Pro forma – Reporting by operating area 2009/2010 – continued