Schouw & Co. — M&A Activity 2015

Dec 18, 2015

schouw+c

TO: THE DANISH FINANCIAL SUPERVISORY AUTHORITY AND NASDAQ OMX COPENHAGEN

COMPANY ANNOUNCEMENT NO. 13/2015, DECEMBER 18, 2015 1 PAGE

The Competition Authority approves the acquisition of Specma AB

In reference to Company Announcement No. 11 of November 9, 2015 it can be confirmed that the Swedish Competition Authority now has approved the Schouw & Co. Group's acquisition of the Swedish hydraulics company Specma AB.

By this the formal requirements for the acquisition have been fulfilled, hence the transaction as planned can be carried out immediately after the year end.

Aktieselskabet Schouw & Co.

Jørn Ankær Thomsen, Chairman
Jens Bjerg Sørensen, President, tel. +45 8611 2222

Aktieselskabet Schouw & Co. · Chr. Filtenborgs Plads 1 · DK-8000 Aarhus C · www.schouw.dk