Solar — M&A Activity 2017

Jan 27, 2017

Solar A/S ■ Executive Board
Industrivej Vest 43 ■ DK-6600 Vejen ■ Denmark
Tel. +45 79 30 00 00 ■ CVR no. 15 90 84 16 ■ Web: www.solar.eu
solar
LEI: 21380031XTLI9X5MTY9
27 January 2017

Announcement no. 2 2017

Swedish BIMobject AB has made a targeted emission, enabling Solar A/S to acquire 19.99% of the shares in BIMobject

Solar A/S acquires 19.99% shares of Swedish BIMobject AB, based on a targeted emission by BIMobject.

With more than 279,000 active Building Information Modeling (BIM) users, more than 240,000 parametric objects and more than 16 million articles, BIMobject is the world's largest and fastest growing digital content management system for BIM objects.

The digitalisation of the construction industry is driven by BIM. BIM is fundamentally changing the construction industry and BIM will have a significant impact on product selection, material flow, cost, quality and logistics.

Via proliferation of BIM, profitability will improve. This will happen due to improved collaboration in design and construction, through intelligent product choice, improved downstream processes and logistics. The construction industry has significant improvement potential, which we believe BIM will release.

BIMobject offers unique solutions for users - typically architects, specifiers and contractors - to download digital copies of building components and create as detailed a digital copy of a building as possible. Moreover, construction material manufacturers have a unique opportunity to use BIMobject to develop, host, maintain, syndicate, publish and generate business. Over the last years, BIMobject has rapidly developed into the clear market leader in their

business. The latest addition of Autodesk's Seek business is a clear manifestation that BIMobject is perfectly positioned to benefit from the continued rapid growth of BIM worldwide. With Solar becoming an active shareholder in BIMobject, the two companies expect to generate significant positive network synergies in the years to come.

CEO Anders Wilhjelm, Solar says:

"Solar is a digital sourcing and services company, and an important aspect of our strategy is to drive, support and benefit from productivity improvement in the construction industry. BIM is the main driving force behind the digitalisation. However, a critical part of BIM is the ability to use digital building materials, which is exactly where BIMobject's technology supports all stakeholders in the value chain. We have been in dialogue with the BIMobject team for a long time about a closer relationship, and we are truly excited about becoming an active shareholder. We hope to be able to both support BIMobject in its continued success, while at the same time pursue joint opportunities in the business interface between BIMobject and Solar."

CEO and founder Stefan Larsson, BIMobject, says:

"We are very proud that Solar A/S has chosen us as a partner. Solar A/S will be an important long-term and strategic shareholder, as the company brings an expertise in e-commerce, logistics and distribution, and will become an important partner when new digital pathways are to be created in the retail level of our new system BIMsupply®. Carrying out this directed share issue to such a large company as Solar A/S is a clear evidence of our continuously rapid development. For an internet platform company such as BIMobject, it

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Solar A/S ■ Executive Board
Industrivej Vest 43 ■ DK-6600 Vejen ■ Denmark
Tel. +45 79 30 00 00 ■ CVR no. 15 90 84 16 ■ Web: www.solar.eu

is all about scaling up; about how fast and how much we can scale up our business and also integrate with all surrounding technical solutions and innovations, which change and challenge traditional solutions in the construction industry at a high speed. With this capital injection, we will now be able to speed up and invest in new markets with more sellers. We will also develop new innovations where we link the value of the digital products and product information with e-commerce, logistics, additive manufacturing and new visualisation techniques that support communication and know-how in the professional disciplines. All to achieve a more efficient process that saves money, minimises risk and helps the construction industry to minimise carbon emissions and wastage."

Background information on BIMobject AB

BIMobject AB is listed on Nasdaq Stockholm First North. The company is based in Malmö, Sweden and has approximately 50 employees. BIMobject is a provider of software tools, web solutions, and services to assist customers in the creation, conversion, and publishing of BIM objects on the web for building product manufacturers. BIMobject was founded in 2011. For more information, please visit www.bimobject.com.

Financial impact of the acquisition

Solar A/S acquires 19.99% shares of BIMobject AB, of which 15.35% are newly issued shares. The remaining 4.64% will be acquired from a number of existing shareholders, including some of BIMobject's managers.

The acquisition price of 19.99% of the shares of BIMobject AB is approximately SEK 217m. The acquisition is financed from Solar's cash resources.

Yours faithfully,
Solar A/S
Anders Wilhjelm

Contact:

Director, Stakeholder Relations Charlotte Risskov Kræfting - tel. +45 40 34 29 08

Facts about Solar

Solar Group is a leading European sourcing and services company. Our core business centres on product sourcing, value-adding services and optimisation of our customers' businesses.

Being a sourcing and services company, we focus on each individual customer. We always strive to understand our customers' unique and genuine needs in order to provide relevant, personal and value-adding services, turning our customers into winners.

Solar Group is headquartered in Denmark, generated revenue of approximately DKK 10.6bn in 2015 and has some 3,000 employees. Solar has been listed on Nasdaq Copenhagen since 1953, and operates under the short designation SOLAR B. For more information, please visit www.solar.eu.

Disclaimer

This announcement was published in English and Danish today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the English version shall prevail.