Ratos — M&A Activity 2009

Feb 2, 2009

Ratos AB (publ), Drottninggatan 2 Box 1661 SE-111 96 Stockholm Org nr/Corp. Id. no. SE 556008-3585 Tel +46 8 700 17 00 Fax +46 8 10 25 59 www.ratos.se

P R E S S R E L E A S E 2 February 2009

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.

Ratos majority owner of DIAB

Ratos has concluded an agreement to acquire up to an additional 48% in its associate DIAB. The seller is 3i and the purchase price for the shareholding amounts to approximately SEK 400m. As a result of this acquisition, DIAB will become a subsidiary of Ratos which will have a holding of up to 96%.

DIAB is a world-leading company that manufactures and develops core materials for composite structures. Key applications include blades for wind turbines, hulls and decks for boats, and components for aircraft, trains, buses and rockets. The material has a unique combination of characteristics such as low weight, high strength, insulation properties and chemical resistance.

Ratos became an owner of DIAB in 2001. Since then the company has seen strong growth and sales have risen from SEK 693m to SEK1,345m in 2007 and operating profit (EBITA) from SEK 81m to SEK 260m.

"It is gratifying that we now have this opportunity to invest further in DIAB, which in our opinion continues to have excellent development potential and the ability to well meet Ratos's high return requirements. Add-on investments in existing holdings that we know well are among the best investments we can make," says Ratos CEO Arne Karlsson commenting on today's deal.

The seller 3i is divesting its entire holding of 48% in DIAB to Ratos and the company's minority owners. Depending on the size of the offering subscribed by minority owners, Ratos will acquire between 43-48%, which means that Ratos's holding will increase from today's 48% to between 91-96%. As a result of today's deal, the consolidated book value of Ratos's holding in DIAB will increase by up to SEK 400m.

The add-on acquisition in DIAB is subject to approval from the relevant competition authorities.

For further information, please contact: Arne Karlsson, CEO Ratos, +46 8 700 17 00 Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 8 700 17 63

Financial calendar from Ratos: Year-End Report 2008 19 February 2009 Annual General Meeting 2009 2 April 2009 Interim Report January – March 2009 7 May 2009 Interim Report January – June 2009 20 August 2009 Interim Report January – September 2009 5 November 2009

Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos offers investors a unique investment opportunity. Ratos's equity is approximately SEK 11 billion and has a market capitalisation of approximately SEK 17 billion. Ratos's holdings include AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC, Medisize, Scandinavian Business Seating, Superfos and Other holdings.