TOMRA Systems — Major Shareholding Notification 2020

May 28, 2020

TOMRA: Disclosure of shareholding

TOMRA: Disclosure of shareholding

Latour divests shares in Tomra

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN

OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR

ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES

DESCRIBED HEREIN.

Investment AB Latour ("Latour") has sold 7.8 million shares in Tomra Systems ASA

("Tomra"), representing 5.3 per cent of outstanding shares in Tomra, in an

offering to Nordic and international investors (the "Share Sale"), at a price of

NOK 330 per share resulting in gross proceeds of approximately NOK 2.6 billion.

Following the Share Sale, Latour will hold 31.2 million shares in Tomra,

representing 21.1 per cent of outstanding shares in the company, and remains the

largest shareholder.

"Latour has been the largest shareholder in Tomra since 2011 and we have

experienced a strong growth journey. Looking ahead, Tomra is very well

positioned for a greener and more sustainable society. By realizing a small part

of the value increase, Latour will free financial resources for new investments.

Latour will continue to act as the principal shareholder in Tomra with full

support of Tomra's long-term strategy in the same way as before" says Johan

Hjertonsson, CEO Investment AB Latour.

The Share Sale will contribute to an increased liquidity and free float in the

Tomra share.

As a result of the divestment the net debt (excluding IFRS 16) of Investment AB

Latour is expected to decrease by SEK 2.5 billion, compared with the net debt as

at the end of March 2020, which was communicated in the interim report for the

first quarter of 2020, all else equal.

Latour has agreed to a lock-up undertaking of 180 days in relation to the

remainder of their shares in Tomra after the Share Sale, subject to customary

exceptions or waiver by the Managers (as defined below) at the banks sole

discretion. DNB Markets, a part of DNB Bank ASA ("DNB Markets") and

Skandinaviska Enskilda Banken AB publ ("SEB", together with DNB Markets, the

"Managers") acted as Joint Bookrunners for the Share Sale.

Göteborg, May 28, 2020

INVESTMENT AB LATOUR (PUBL)

Johan Hjertonsson, President and CEO

For further information, please contact:

Johan Hjertonsson, President and CEO Investment AB Latour +46 702 29 77 93

Anders Mörck, CFO Latour, +46 706 46 52 11

IMPORTANT NOTICE

This information is subject to the disclosure requirements pursuant to sections

4-2 and 4-3 of the Norwegian Securities Trading Act.

The distribution of this announcement and the offer and sale of the shares in

certain jurisdictions may be restricted by law. The shares may not be offered to

the public in any jurisdiction in circumstances which would require the

preparation or registration of any prospectus or offering document relating to

the shares in such jurisdiction. No action has been taken by the Managers nor

any of their affiliates that would permit an offering of the shares or

possession or distribution of this announcement or any other offering or

publicity material relating to such securities in any jurisdiction where action

for that purpose is required. Persons into whose possession this announcement

comes are required to inform themselves about and to observe any such

restrictions. Any failure to comply with these restrictions may constitute a

violation of the securities laws of any such jurisdiction. This press release is

for information purposes only and does not constitute or form a part of an offer

to sell or a solicitation of an offer to purchase any security of the Company in

the United States or in any other jurisdiction where such offer or solicitation

is unlawful. The securities of the Company described in this press release have

not been and will not be registered under the U.S. Securities Act of 1933, as

amended (the "Securities Act"), or any applicable state or foreign securities

laws and may not be offered or sold in the United States absent registration or

an exemption from the registration requirements of the Securities Act. There

will be no public offering of securities in the United States.