Lagercrantz Group — M&A Activity 2012

Mar 20, 2012

PRESS RELEASE 20 March 2012

Lagercrantz Group acquires Idesco OY

Lagercrantz Group has today acquired over 90% of the shares in the Finnish company Idesco OY.

Idesco develops and sells products based on RFID technology (Radio Frequency IDentification). The company is the market leader in Finland within access control products for high-security, industrial and commercial properties and is also active in areas such as industrial identification solutions. Idesco has its headquarters in Oulu, Finland and has sales companies in Sweden and the UK. Idesco recorded sales in 2011 of EUR 5.6m with an operating profit margin, before goodwill depreciations, (EBITA) of 13%.

Jörgen Wigh, President and CEO of Lagercrantz Group, commented: "Idesco will become an important addition to our Electronics division. Idesco has a strong domestic market position and we aim to further expand geographically and into the application fields outside access control. Idesco will, above all, cooperate geographically with Lagercrantz other units in Northern Europe."

Jari Valtonen, Managing Director of Idesco: "With Lagercrantz as owner, we gain a financially strong and long-term owner that gives us the opportunity to independently develop the company further by broadening us in the Nordics and increase exports of its products in northern Europe."

Seller is the Finnish private equity company Sentica Partners Oy. The management of Idesco retains ownership to nearly 10% of the shares.

Idesco will be part of Lagercrantz Division Electronics. The acquisition is expected to provide a small positive contribution to earnings per share.

Stockholm, 20 March 2012 Lagercrantz GroupAB (publ)

For further information, contact:

Jörgen Wigh, President & CEO, Lagercrantz GroupAB, telephone +46 8 700 66 70 Magnus Söderlind, Executive Vice President Business Development, Lagercrantz GroupAB, telephone +46 8 700 66 80

This information is disclosed in accordancewith the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement withNASDAQOMXStockholm Exchange. The informationwas submitted for publication on 20 March 2012 at 09:45 am.

LAGERCRANTZGROUPINBRIEF

Lagercrantz Group is a technology group in electronics, electrics, communication and adjacent areas. TheGroup operates in a decentralised modewith value-creating sales in close proximity to its customers and markets and has a leading position in several expansive niches.

Operations are organised in three divisions. Division Electronics is primarily involved in marketing solutions inwireless industrial communication and embedded systems. Division Mechatronics offers electro-mechanical components and production of cable harnesses, electrical connection, electrical installation material and niche steel products. Division Communications provides solutions in digital image transmission/technical security, design software and access products. Manufacturing companies are the primary customers. Lagercrantz is today represented in eight countries inNorthern Europe, and inChina.

TheGroup has sales of more than MSEK2,000 and has approximately 700 employees. Lagercrantz is listed onNASDAQOMXStockholmExchange, segment SmallCap.Additional information is available at www.lagercrantz.com.