OEM International — Board/Management Information 2007

Oct 8, 2007

Press release 2007-10-08

New Management OEM Automatic

Mikael Thörnkvist has been appointed Manager Director OEM Automatic AB and will take up the position 1st of December 2007. Jens Kjellsson has been appointed Director Group OEM Automatic international operations as of January 1st 2008.

Mikael Thörnkvist has been employed within the OEM Group during 17 years and has for the last 5 years been Business Director for the OEM Automatic international operations. Mikael has a solid knowledge and experience of the business and with his creativity and commitment he will continue to develop the company.

Jens Kjellsson has been employed within the OEM Group during 17 years and has for the last 5 years been working as Business area manager for one of the largest business areas within OEM Automatic. The long experience from OEM Automatic AB with the international work as business area manager, gives Jens a good foundation taking the assignment as chairman of the board and business developer in the OEM Automatic international operations.

For further information, please contact: Jörgen Zahlin CEO OEM International, tel. + 46 (0)75-242 40 22.

OEM International AB trades in industrial components and systems. The Group has business activities in 23 operating units in ten countries and a reported turnover of SEK 1,450 million in 2006. The Group, headquartered in Tranås, Sweden, had 531 employees at the turn of the year. OEM International's B-share is quoted on the Stockholm Small Cap. OEM's financial targets include an annual growth of 15%, a minimum 20% return on equity and an equity/assets ratio of not below 35%.