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Traction M&A Activity 2017

Dec 19, 2017

3120_rns_2017-12-19_2ac17c13-0a86-45cd-9a9d-bce942a117d6.pdf

M&A Activity

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PRESS RELEASE

Traction divests its shares in Banking Automation Ltd

Sprintquip Pty Ltd has today agreed to purchase all shares in Banking Automation Ltd from Traction and the other shareholders. Banking Automation is an English company that develops, designs and distributes deposit machines, bill payment machines and cash exchange machines, primarily for banks, transport companies and shopping centres. Banking Automation was founded in 1984 and Traction has been an owner since 1986.

The consideration for Traction's shares is expected to be approximately £3M, which only has a marginal positive effect on Traction's result for 2017.

Reading, UK, December 19, 2017 AB Traction

Petter Stillström

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Traction — M&A Activity 2017

3120_rns_2017-12-19_2ac17c13-0a86-45cd-9a9d-bce942a117d6.pdf

PRESS RELEASE

Traction divests its shares in Banking Automation Ltd

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Traction M&A Activity 2017