Matas — M&A Activity 2013

Nov 1, 2013

Company announcement 30/2013 Allerød, 1 November 2013

Matas A/S acquires six associated stores and extends the trading terms of the Matas store network

Matas A/S today signed agreements to acquire six associated stores and concurrently signed agreements with 28 out of 29 of the remaining independent store owners to extend the time-limited trading terms in the articles of association of the Matas store network from 31 October 2017 to 31 October 2025 subject to certain changes as set out in the heads of agreement of 13 June 2013.

The acquisition of the six stores is made as part of the company's long-term strategy of continuing to expand and consolidate the Matas A/S retail store network. CEO Terje List said: "We are very pleased that we have successfully reached an agreement on the acquisition of these six stores which will contribute to the continuing growth and value creation of Matas, and that we have also extended the trading terms until 2025 which provides a longer planning horizon for most of the remaining independent store owners."

The consideration for the acquisition of the six stores is approximately DKK 77 million subject to potential adjustments in connection with the final calculation of the balance sheets as of the date of acquisition. The six stores will be consolidated from 1 November 2013 and have total annual revenues in the region of DKK 80 million.

Reference is made to company announcement no. 29/2013 concerning the extension of the time-limited trading terms in the articles of association of the Matas store network from 31 October 2017 to 31 October 2025 subject to certain changes as set out in the heads of agreement of 13 June 2013.

Matas A/S

For further information, please contact: Jesper Breitenstein Head of Investor Relations

Tel. +45 2780 7675

About Matas

Matas is the largest health and beauty retailer in Denmark. Since its incorporation in 1949 as an association of independently owned stores, the company has developed a strong reputation for professional advice and customer service excellence that it has leveraged to establish one of the best-known retail chains in Denmark. Matas offers a distinctive one-stop retail concept which serves a broad range of health, beauty, household and personal care needs. The company has more than 2,400 employees and in the financial year 2012/13, revenue amounted to DKK 3,200 million.

Matters discussed in this communication may constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and anticipated or planned financial and operational performance and can be identified by words such as "targets", "believes", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimate" or similar expressions. The forward-looking statements in this communication are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Matas A/S believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this communication by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.