Bilia — M&A Activity 2012

Feb 29, 2012

Bilia has taken possession of the Stenshagen business in Oslo and Kongsvinger

An agreement was concluded at the beginning of February to acquire all shares in Stenshagen Bil Oslo AS and Stenshagen Bil Kongsvinger AS. The agreements were conditional on approval by the Norwegian competition authority. All conditions are now fulfilled and Bilia has taken possession of the business with financial effect from 1 January, 2012.

The purchase price amounted to approximately SEK 238 M, of which SEK 63 M was payed with buy-back Bilia shares, 515,000 shares, and remaining amount SEK 175 M in cash. The value of the Bilia shares was determined, according to agreement with the seller, to the average price during the last six days of trading before the day of the agreement. The seller received a discount of 5 per cent from the calculated average price.

The buy-back of the Bilia shares took place during the autumn of 2011 for SEK 50 M.

Gothenburg, 29 February 2012

Bilia AB (publ)

For further information, please contact CEO Per Avander or CFO Gunnar Blomkvist, Bilia AB, tel: +46 31 709 55 00, or Bilia's Managing Director in Norway Frode Hebnes, tel: +47 99 32 19 27.

The above information is disclosed in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published on 29 February 2012, at 16:15.