Volati — Capital/Financing Update 2017

Nov 23, 2017

Press release 23 November 2017

Successful issuance of Volati bonds of SEK 600m and tender offer results for Akademibokhandeln bonds

Issuance of new Volati bonds

Volati AB (publ) has successfully issued senior unsecured bonds in the total amount of SEK 600m. The bonds have a tenor of five years and a floating interest rate of three-months STIBOR plus 350bps. The transaction generated good interest from investors which led to an oversubscribed issue. The proceeds will be used to increase the company's financial flexibility and acquisition capacity in addition to financing the tender offer of Akademibokhandeln bonds.

Tender offer of the Akademibokhandeln bond

Volati announces the results of Akademibokhandeln's invitation to the holders of Akademibokhandeln's outstanding SEK denominated bonds with ISIN SE0009690084 due 2021 to tender their bonds at a price of 107.00 per cent for cash. The aggregate principal amount of Akademibokhandeln bonds validly tendered was SEK 192m. After the completion of the tendered bonds the outstanding nominal amount of bonds not being held by Akademibokhandeln is SEK 308m. Akademibokhandeln also announces that it will continue to pursue the soliciting consent from holders of the bonds to enable an early redemption in December of all remaining outstanding bonds. The settlement date for the tender offer is set to 5 December 2017.

"The strong interest in Volati's bond among reputable investors made it possible to establish a new bond structure that will strengthen our financial flexibility and capacity to continue to acquire good companies with stable cash flow to the Group. Considering the number of tendered Akademibokhandeln bonds we reduced the issue size to SEK 600m. This is Volati's first bond and we see the bond market as interesting also for future financing solutions", comments CEO Mårten Andersson.

Nordea and SEB acted as Joint Bookrunners in connection with the new issue transaction and Dealer Managers for Akademibokhandeln's tender offer, and Gernandt & Danielsson KB acted as legal counsel in the new issue transaction and in the tender offer.

For further information, please contact:

Mårten Andersson, CEO Volati AB, + 46 72-735 84, marten.andersson@volati.se Mattias Björk, CFO Volati AB, +46 70-610 80 89, mattias.bjork@volati.se

Volati AB (publ)

Engelbrektsplan 1, SE-114 34 Stockholm, Sweden Phone: +46 8-21 68 40, e-mail: info@volati.se, Corp. Reg. No. 556555-4317

This information is information that Volati AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 07.45 a.m. CET on November 23, 2017.

About Volati

Volati is a Swedish industrial group formed in 2003, which comprises some 50 operating companies divided into 14 business units organised in four business areas: Trading, Consumer, Industry and Akademibokhandeln. Volati acquires mainly companies with proven business models, leading market positions and strong cashflow at reasonable valuations and develops these with an emphasis on long-term value creation. Volati's strategy is to build on the identity and entrepreneurial spirit of the companies, adding, leadership, expertise, processes and financial resources. Volati has operations in 16 countries, with a total of about 1,700 employees and annual sales of approximately SEK 5.5bn. Volati's ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.