Nobia — M&A Activity 2007

Oct 12, 2007

Nobia and DMG acquire German kitchen retail company Asmo

Through Culinoma GmbH, Nobia AB in Sweden and De MandemakersGroep Holding BV in the Netherlands have today acquired the Asmo Group in Germany. The Asmo Group is a kitchen retail chain based in Bavaria with 12 fully owned stores in the Munich area with retail sales of approximately EUR 30 million. The seller is TAC Holding GmbH.

Culinoma was established in February this year, with the objective of developing kitchen stores in Germany through organic growth and acquisitions, thereby attaining a leading position in the market. With Marquardt's 26 stores, PLANA Küchenland's 39 franchise stores, and the 12 stores in the Asmo chain, Culinoma now has 77 kitchen stores, with retail sales of approximately EUR 180 million. This means that it has a leading position in the kitchen retail sector in Germany and a geographical spread from north to south.

Fredrik Cappelen, CEO of Nobia and Ben Mandemakers, CEO of DMG, jointly comment on the acquisition: "With the acquisition of Asmo, Culinoma has three platforms from which to operate: PLANA in the south, Marquardt in central Germany and now Asmo will strengthen the market presence in the highly interesting Munich region. Culinoma thereby reinforces its kitchen offer in the middle segment of the market and will continue its efforts to realise synergies from the coordination of the acquired entities."

Today, Asmo is a retail chain of 12 stores, mainly located in high‐traffic retail parks in the greater Munich area. Asmo's most recently opened stores are between 1,200 and 2,000 square metres. The company employs approximately 120 people and products are sourced from a wide range of suppliers.

The acquisition of the Asmo Group is conditional upon approval from the competition authorities.

More information about the Asmo Group, Culinoma and DMG are attached, as well as the website for images.

For further information, please contact Ingrid Yllmark, Director Communications and IR, Nobia, Tel: +46 8 440 16 00 or +46 (0)70 65 59 00 or Fokke Broekhuis, DeMandemakersGroep, Tel: +31 651 50 21 26

Nobia AB, 12 October, 2007

As the leading kitchen company in Europe, Nobia is championing the consolidation of the European kitchen industry. Nobia creates profitable growth by enhancing efficiency and making acquisitions. The Nobia Group works with 20 strong brands in many European countries. Sales are mainly generated through specialised kitchen studios, both wholly owned and franchised. The Group has about 8,000 employees and net sales of approximately SEK 16 billion. Nobia is listed on the OMX Nordic Exchange in Stockholm. More information is available at www.nobia.com.

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APPENDIX

12 October, 2007 - Nobia and DMG acquire German kitchen company Asmo

De MandemakersGroep (DMG)

De MandemakersGroep, based in the Netherlands, is a leading retail company in the Dutch kitchen market, wholly owned by Ben Mandemakers. The Group also has operations in Belgium and the Czech Republic. In addition to the kitchen industry, the Group has a strong and growing position in both the bathroom and furniture markets in the Netherlands. The Group has 4,500 employees, approximately 200 stores for kitchens and bathrooms, and strives to expand its activities in Europe. DMG's various companies have sales of approximately EUR 1 billion. More information is available at: www.mandemakers.nl.

Culinoma

In February 2007, Nobia and De MandemakersGroep established a 50/50 joint venture for kitchen stores in Germany called Culinoma. Culinoma intends to develop a leading position in kitchen stores in Germany through organic growth and acquisitions.

Culinoma currently has ownership of 77 kitchen stores in three areas of Germany with retail sales of approximately EUR 180 million.

PLANA Küchenland

PLANA Küchenland is a franchise concept with 39 stores, primarily located in southern Germany, with retail sales of approximately EUR 70 million. The product offering consists of fitted kitchens, including all accessories and services. For more information, visit www.plana.de.

Marquardt

Marquardt‐Küchen GmbH & Co KG was founded in 1992 by Michael Marquardt. The company specialises in the manufacture and sales of kitchens characterised by components in granite, such as worktops, panels, skirting boards, tables, etc. For more information, visit www.marquardt‐kuechen.de

Images for press usage

Press photographs of Asmo stores are available at: www.asmo.de and the Culinoma map of Germany is available at http://www.nobia.com/en/Press/Image_bank/