Bulletin from BEWi’s extraordinary general meeting, April 5, 2018

Directed share issue and new Chairman of the Board

On 15 March 2018, BEWi Group AB (publ) (“BEWi”) announced that Frøya Invest AS (“Frøya”) and Gjelsten Holding AS (“Gjelsten”) have agreed to invest a total of SEK 400 million through a directed issue of new shares in BEWi to finance in part BEWi’s acquisition of all the shares in Synbra Holding B.V.

Today, an Extraordinary General Meeting (EGM) resolved upon a new share issue in a total amount of SEK 400 million directed to Frøya and Gjelsten. Further the EGM elected Gunnar Syvertsen as new Chairman of the Board.

Directed share issue

The Meeting resolved on a directed share issue in accordance with the Board of Directors proposal, of SEK 400 million (before the costs of the rights issue) through the issuance of no more than 9,376,465 new shares of series A, resulting in an increase of the share capital of not more than SEK 454,594.

The right to subscribe for new shares shall, with deviation from the shareholders’ preferential rights, exclusively belong to Frøya and Gjelsten, of which Frøya shall have the right to subscribe for not more than 5,157,056 shares of series A and Gjelsten shall have the right to subscribe for not more than 4,219,409 shares of series A.

As communicated on 15 March 2018, Frøya and Gjelsten have agreed to subscribe for such new shares of series A in BEWi in the total amount of SEK 400 million. Frøya is owned by the Bekken family and currently owns 48.5% of the shares in BEWi. Gjelsten is currently not a shareholder of BEWi.

Detailed terms of the share issue are set out in the notice of the extraordinary general meeting available on BEWi’s website www.bewi.com.

Election of Gunnar Syvertsen as Chairman of the Board of Directors

The Meeting resolved to elect Gunnar Syvertsen as new Chairman of the Board of Directors for the period up until the end of the next annual general meeting. Gunnar has been a member of the BEWi board since 2014.

For further information, please contact:

Christian Bekken, CEO, BEWi Group. Tel: +47 905 55 141

Marie Danielsson, CFO, BEWi Group. Tel: +46 70 661 00 47

BEWi Group manages and controls the entire chain from the manufacture of raw materials to finished products for the construction, packaging, and technical packaging industries. We invest in new techniques and development of innovative environmentally sound products, which creates value across the chain. As the market continues to grow, BEWi will also grow, both organically as well as through acquisitions in order to create positive synergies around purchases, raw material management, marketing information, customer focus, efficient production and administration.

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About Us

BEWiSynbra is an innovative player and a vital component of European business, offering qualified and sustainable packaging solutions and insulation systems for buildings. The Group’s products protect and safeguard the transportation of foodstuffs, electronics and many other types of sensitive products, and meet legislators’ increasingly strict requirements for more efficient insulation of buildings. The Group has around 1,000 employees in six countries and sales of approximately SEK 4.5 billion, and its registered office is located in Solna, Sweden. BEWi Synbra Group is owned to 51.6% by Frøja Invest AS, to 21.4% by Gjelsten Holding AS, to 25.4% by Verdane Capital Advisors and to 1.6% by Senior Executives.

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