Booboo Stewart, Mounts Up For, The UnBroken

FOR IMMEDIATE RELEASE: LOS ANGELES, CA.-October 28th, 2014- Bass Entertainment Pictures ( announced that BooBoo Stewart ( has been cast in the role of “Yellow Horse” in the upcoming independent feature film, THE UNBROKEN. The screenplay was penned by Emmy-nominated and award-winning writer turned director Kim Bass ( (IN LIVING COLOR, JUNKYARD DOG, KILL SPEED) who will also direct what he describes as a “fast-paced, youth-oriented, right-against-wrong, love conquers all, white hat versus black hat action western.” THE UNBROKEN, which will be produced in association with Aurum Film Group, is scheduled to begin principal photography in spring of 2015 and will be produced by Beautiful Lie Pictures (’ Deanna Shapiro (THE LEGEND OF CRYIN’ RYAN, JUNKYARD DOG). THE UNBROKEN ( is set in the unforgiving and lawless Arizona territory circa 1863. It tells the story of a young loner (Colt), to be played by Jeremy Sumpter, who risks it all to rescue his beloved mail-order bride (Salor), whom he’s never met, from a gang of ruthless outlaws led by the cold-blooded killer who murdered Colt’s mother and left him for dead the day he was born... his father. THE UNBROKEN is a passion project for Bass who has been a longtime fan of the classic western film genre. Booboo Stewart, one of Hollywood’s hottest rising young stars, really responded enthusiastically to the screenplay and the character, stated writer-director Bass. “Boo is not only passionate about the role of “Yellow Horse,” he’s perfect for it”, said Bass. Having come into his own of late, arguably achieving Hollywood heartthrob status, Stewart played Seth Clearwater in the Twilight Saga: Breaking Dawn and most recently the MUTANT “WARPATH” in the latest X-Men film (X-MEN: Days Of Future Past) that has, so far, grossed nearly 750 million dollars in worldwide box office. For more information on THE UNBROKEN ( please visit: ###  ( Media Contact: Claudia Ross Tiffany R. Cummins Cross Marketing PR (415) 986-0342 The following pictures are available for download:

Clas Ohlson retails the world’s first eco labelled tea light

The traditional disposable tea light has a light holder in aluminium, which is difficult to collect and recycle. In Sweden, we use a total of 300 million tea lights per year, which corresponds to an aluminium consumption of over 225 tonnes per year. Just under half of that amount is estimated to be recycled. Aluminium production uses a vast amount of energy. To produce just one kilo of aluminium the energy used corresponds to the same amount of energy as in three litres of petrol.   Through the launch of a brand new tea light, made from 100 % stearin, i.e. completely free from paraffin and palm oil, and without the disposable aluminium cup, Clas Ohlson can offer the customer a modern and sustainable option to the traditional tea light. When the light has burned down, it is simply replaced by putting a new refill in the glass holder. The tea light has gotten the Nordic Ecolabel stamp. ”At Clas Ohlson we don’t believe in the throw away society, and we aim to help our customers make smart and environmentally sound choices. The Nordic Ecolabelled tea light is a great example on how we have created a smart and simple alternative to an attractive price, which is taking our environment into consideration”, says Eva Berg, category manager at Clas Ohlson. The two inventors Ronny Hjelm and Hugo Lundkvist, Refillsystem i Oxelösund AB, in collaboration with Clas Ohlson, has developed the product. Together they turned dream about a light with a sound environmental profile into reality. ”Clas Ohlson’s stores were the obvious choice for us, as its founder is a role model. He was a true entrepreneur who worked with several innovations over the years. Clas Ohlson’s environmental profile and their high consumer trust was very important to us. Clas Ohlson has been a driving force, not the least when it comes to a paraffin free refill system”, says Ronny Hjelm, CEO at Refillsystem. ”This is a completely new product, and it will take some time to communicate to our customers why they should chose this alternative over the traditional disposable tea light they are used to buying. Clearly, we want as many customers as possible to start using refill for tea lights, but in the end, it is the customer’s choice. For those who in prefers buying the traditional tea light in the future instead of the new Nordic Ecolabelled alternative, don’t forget to hand in the aluminium cups together with the other aluminium waste for recycle” says Åsa Portnoff Sundström, CSR manager Clas Ohlson. The eco labelled tea light is sold in all Clas Ohlson sale channels and markets. Tea light start kit: Tea light refill: Tea light holder: For more information of the Nordic Ecolabel: For more information please contact: Sara Kraft Westrell, Director of Information and Investor Relations, phone +46 247 649 13

Rebecca Wang chairs upcoming amfAR Inspiration Gala 2014 honoring longtime supporter Tom Ford

American fashion designer and film director Tom Ford will be honoured at the 2014 Los Angeles Inspiration Gala. amfAR Chairman Kenneth Cole, philanthropist Aileen Getty and MD of Creative Artists Agency Bryan Lourd will chair the 2014 Gala, alongside Hollywood executive producer Rebecca Wang to celebrate Ford’s indelible support of amfAR and the fight against AIDS.The 2014 Inspiration Gala Los Angeles will take place at the Milk Studios, North Cahuenga Boulevard on the evening of Wednesday, October 29, to celebrate amfAR, the American Foundation for AIDS Research, and the organisation’s groundbreaking work.International designer and film director Tom Ford is to be awarded an honour in recognition of his enduring support for amfAR and the battle against AIDS. Losing many friends to AIDS in the 1980s, Tom Ford has been a longtime supporter of initiatives against the illness. While at Gucci, in addition to overhauling the brand and turning its revenue from $200 million to $3 billion, he established Gucci's charitable work for people living with HIV and AIDS, which won him a Commitment to Life Award from AIDS Project Los Angeles.amfAR Chairman Kenneth Cole, AIDS survivor Aileen Getty and Creative Artists Agency MD Bryan Lord will chair the 2014 Gala, alongside Hollywood executive producer Rebecca Wang. Tom Ford, film producer and director JJ Abrams and his wife Katie McGrath will act as vice-chairs.Gwyneth Paltrow will host the black tie event which starts at 6.30pm with a cocktail reception prior to the fashion show. Dinner will follow at 8pm accompanied by live entertainment, including a rare American performance by renowned Welsh singer Shirley Bassey, before the evening's cornerstone activity, the live auction.Among those whose attendance has been confirmed are Sharon Stone, Rihanna, Justin Timberlake, Miley Cyrus, Dita Von Teese, Paltrow’s ex-husband Chris Martin and fellow Coldplay member Jonny Buckland, and Sex and the City actress Kristin Davis.Title Sponsors for the gala are cosmetics brand MAC VIVA GLAM and financial company Wells Fargo. The event will be produced by Josh Wood Productions.Launched in 2010, amfAR Inspiration Series celebrates men's fashion and style, while simultaneously raising funds for their AIDS research programs. To date, Inspiration Galas have been held in New York, Los Angeles, Paris, Sao Paolo, Rio de Janiero, Toronto, and Miami.Via the Inspiration series and other high-profile fundraising events, amfAR has, since its founding in 1985, invested over $338 million into its programs and awarded over 3,300 grants to research teams worldwide.

A new light on medieval warfare on York’s city’s walls

The Richard III Experience, housed in Monk Bar is welcoming visitors during Illuminating York to discover medieval battle techniques within the ancient fortifications. Monkbar, of which the top floor was commissioned by the last Plantagenet Monarch, Richard III, will be bathed in soft candlelight where guests will be transported back to the guardroom of late 15th century York and met by a soldier, in period dress. “The later medieval period saw a series of civil wars throughout England, that we now call ‘The Wars of the Roses.’ As you can imagine the constant state of war throughout the realm led to many innovations in weapons and battle tactics, which we will explore during this candlelit event,” commented Danielle Daglan, head of festivals and events at York Archaeological Trust. This event, part of the city’s ‘Illuminating York’ programme will take place from Wednesday 29th October to Saturday 1st November, 6pm to 9pm. Adults £2, Concessions and Children £1. More information can be found at ENDS   The JORVIK Group is is owned by York Archaeological Trust, a registered Charity in England & Wales (No. 509060) and Scotland (SCO42846) and is made up of five York city centre attractions: The JORVIK Viking Centre, which has celebrated 30 years in 2014 DIG: An Archaeological Adventure Barley Hall – a medieval townhouse in the centre of York Richard III and Henry VII Experiences on York’s city walls More information can be found at About illuminating York Now in its ninth year, Illuminating York runs from Weds 29th Oct – Sat 1st Nov from 6pm – 10pm.  With the theme York’s Leading Lights, the central artwork is Hidden Worlds which will be projected onto the York Crown Court.   Tickets for Hidden Worlds cost just £4 / £3 for under 16’s.  Under 5’s are free and under 12’s must be accompanied by an adult.  A £1 transaction fee applies.  Tickets are available from 29th September  from York Theatre Royal Box Office either by phoning 01904 623568 or going to   The full programme of all the artworks is available on Photo shows: Medieval soldier, Paul Toy, with one the weapons that will be illuminated by candlelight and on display at the Richard III Experience at Monk Bar, part of Illuminating York 2014. A selection of event photographs from the JORVIK Group as part of Illuminating York 2014 are available for download at: Media Contact: For further media information or photographs, please contact: Jay Commins Pyper York Limited Tel:         01904 500698 Email:

Saab and Brazil sign contract for Gripen NG

On 18 December 2013 Brazil selected the Gripen NG to be its next-generation fighter aircraft, through the F-X2 evaluation programme. Since then all parties have negotiated to finalise a contract. Today’s announcement marks the successful conclusion of that process. Saab and COMAER have signed a contract for the development and production of 36 Gripen NG fighter aircraft, plus related systems and equipment. The programme comprises 28 single-seat and eight two-seat Gripen NG. The total order value is approximately SEK 39.3 billion. Saab and COMAER have also signed a contract for industrial co-operation projects, including technology transfer to Brazilian industry, to be performed over approximately ten years. “We are proud to stand side-by-side with Brazil in this important programme. There is already a long and successful history of industrial co-operation between our two countries, and this historic agreement takes that partnership to a new level”, says Marcus Wallenberg, Chairman of Saab’s Board of Directors. The contract with COMAER for Gripen NG and the associated Industrial Co-operation contract will come into effect once certain conditions have been fulfilled. These include, among others, the necessary export control-related authorisations. All of these conditions are expected to be fulfilled during the first half of 2015. Gripen NG deliveries to the Brazilian Air Force will be undertaken from 2019 to 2024. “The contract with Brazil validates Gripen as the most capable and modern fighter system on the market. It solidifies Saab’s position as a world-leading fighter aircraft producer and strengthens our platform for growth,” says Håkan Buskhe, President and CEO of Saab. The contract with Brazil strengthens the ties between Saab and Brazilian industry. Embraer will have a leading role as the strategic partner in the F-X2 programme. As part of the technology transfer plan, Brazilian industry will have an important role in the development of, and be responsible for, the production of the two-seat Gripen NG variant for the Brazilian Air Force. Brazil joins Sweden in becoming the launch customer for the next-generation Gripen, which shares the same smart design and innovative technology as today’s Gripen versions. Gripen aircraft are currently in operational service with the Swedish, Czech, Hungarian, South African and Royal Thai Air Forces, and also with the UK Empire Test Pilots’ School (ETPS). The next-generation Gripen meets the market’s demand for a sophisticated and flexible combat aircraft with sustainable costs. The aircraft provides more thrust, extended range and endurance, expanded weapons capacity, new sensors including an advanced AESA radar, highly effective electronic warfare systems and multi-function communications. The Gripen NG for Brazil and Gripen E for Sweden share all the attributes of the next-generation Gripen design, but are also tailored to each country’s specific national requirements. The commitments by Sweden and Brazil secure Gripen’s industrial and operational future into the 2050 timeframe. For further information, please contact:Saab Press Centre, +46 (0)734 180 018, Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs. The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on October 27, 2014 at 06.30 (CET).

Kungsleden leases 1,600 sqm to Lund University

The agreement with Lund University comprises 1,600 sqm in the hotel property Studentkåren 7 to be used as student housing. Faculties at the country’s larger university cities actively help students, especially those from overseas, to find accommodation due to the lack of places to live. The property’s location close to the University, along with its floor plan of individual rooms, makes it ideal for the purpose. The location in the central parts of Lund as well as the property’s size enables Kungsleden to offer a variety of lease space suitable for different needs. In addition, Kungsleden can develop the service offering around the property and meet tenant needs in an effective way. Kungsleden bought the property’s commercial space from AF Bostäder last summer, is now renovating two hallways along with related kitchens in order to suit Lund University. “Lund University is an important institution in Lund and as such we are extra pleased to be able to help them meet parts of their needs for space, especially considering how hard it is for students to find housing. We also see an increased interest for the property as such and we hope to be able to sign more lease agreements in the near future”, says Kristina Borgström, Property Manager at Kungsleden. Besides Studentkåren 7, Kungsleden owns an additional three properties in Lund and the total leasable space for all properties is 36,370 sqm. Photo: Studentkåren 7

SSAB Report for the third quarter of 2014

The quarter •             Sales of SEK 13,314 (8,695) million, of which SEK 3,534 million come from Rautaruukki •             Excluding items affecting comparability, operating profit/loss of SEK 510 (-602) million •             Excluding items affecting comparability, profit/loss after financial items of SEK 433 (-745) million  •             Earnings per share of SEK -0.26 (-1.61) •             Items affecting comparability related to the acquisition of Rautaruukki affected profit/loss after tax by SEK -450 million and earnings per share by SEK -0.94 •             Operating cash flow of SEK 77 (500) million  •             On July 29, the share exchange offer to Rautaruukki’s shareholders was completed, whereupon Rautaruukki’s shareholders received newly issued shares in SSAB in exchange for their shares in Rautaruukki            •             Rautaruukki is consolidated in SSAB as from July 29. Pro forma accounts for the Group, if Rautaruukki had been owned during the entire third quarter, would (excluding items affecting comparability) have yielded an operating profit/loss of SEK 409 (-521) million     •             The acquisition analysis of Rautaruukki is only preliminary and will be concluded during the fourth quarter. In principle, only depreciation/amortization on surplus values in inventory and order books has been incurred in the quarter •             From September 1, the Group has been reorganized into five divisions and new segment reporting has been introduced Comments by the CEO The pro forma underlying operating profit for the third quarter was SEK 409 million, an improvement of almost SEK 1 billion compared with the third quarter of 2013, driven primarily by significantly higher earnings in the North American operations, due primarily to higher prices and improved productivity. The improvement in earnings in the European operations is due primarily to higher volumes and lower raw materials costs.              Demand in North America has remained good and we operated at full capacity utilization at both of our North American mills during the third quarter. The European market has been relatively stable when adjusted for customary seasonal effects. The global market for high strength steels has demonstrated a mixed trend: good in the US, stable in Europe, and still challenging in Asia. In total, shipments for the Group during the third quarter were somewhat lower than during the second quarter. Inventory levels at distributors have increased somewhat in the US due to high import volumes, while inventory levels in Europe are in balance. The market for construction materials is normally seasonally good during the third quarter, but developments in Eastern Europe and Russia have dampened demand this year. We anticipate that our North American operations will continue to develop positively, driven by continued good demand from end-customers. However, as usual we expect a seasonal slowdown in demand towards the end of the year, primarily in demand from Steel Service Centers. The trend in Europe is difficult to assess due, among other things, to the complicated situation in Russia and Ukraine, but prices and volumes are expected to be relatively stable during the fourth quarter. The market for high strength steels is expected to remain unchanged, with continued good demand in North America but weak demand on several emerging markets. On July 29, the combination with Rautaruukki was completed. The combination provides clear benefits as we will be able to structurally reduce the annual cost base by SEK 1.4 billion and release working capital, and also avoid capital expenditures costing approximately SEK 2 billion. Furthermore, we have obtained a product portfolio which is absolutely unique in the world and, with even greater resources to develop our offerings to the customers; we will ensure that SSAB continues to be the world leader within high strength steels. The new organization, comprising five divisions, has been in place since September 1 and the integration work is proceeding well and according to plan. The segment reporting connected thereto is described on page 10. The organization has been structured to maximize cost synergies and flexibility and to achieve a stronger focus on the global high strength steels market, as well as our two important domestic markets – the Nordic region and North America. The new SSAB has achieved an improved cost position, a stronger product portfolio, and a greater possibility to handle periods of weak demand as well as strong demand in a cost-efficient manner. Invitation to SSAB’s third quarter 2014 results briefing SSAB invites you to a presentation of the report for the third quarter on Monday, October 27, 2014. The interim report for the third quarter of 2014 will be presented by SSAB’s President and CEO Martin Lindqvist and CFO Håkan Folin. The press conference will be held in English and live webcasted on SSAB’s website It is also possible to participate in the briefing via telephone. Venue and time of briefing: World Trade Center (WTC) Stockholm, Kungsbron 1, Conference room Manhattan, 09:30 a.m. CET. Telephone numbers: +46 8 505 564 74 (Sweden), +44 203 364 53 74 (UK), +1 855 753 22 30 (USA). Link to webcast: Go to webcast ( This information is such that SSAB must disclose in accordance with the Securities Markets Act. The information was submitted for publication on October 27, 2014 at 07.30 am. For further information: Andreas Koch, Director IR and Financial Communications, Tel. +46 (0)70 – 509 77 61 Marie Elfstrand, Director Media Relations and PR, Tel. +46 8 45 45 734 

Interim report January–September 2014

Net sales for the third quarter amounted to SEK 2,950 million (2,798). Organic growth was a negative 3 per cent (pos: 2). Operating profit, excluding restructuring costs of SEK 326 million (–) related to goodwill impairment in Hygena, amounted to SEK 233 million (180), corresponding to an operating margin of 7.9 per cent (6.4). Currency gains of approximately SEK 15 million (losses: 25) affected the Group’s operating profit excluding restructuring costs. Loss after tax including restructuring costs amounted to SEK 323 million (profit: 90), corresponding to earnings per share of negative SEK 1.93 (pos: 0.55). Operating cash flow amounted to SEK 171 million (207).In total, market performance was deemed to be unchanged compared with the year-earlier period. The UK market continued to grow, but on the whole other relevant markets declined slightly.Organic sales growth was negative 3 per cent (pos: 2). Currency effects impacted net sales positively for the quarter in an amount of SEK 237 million (neg: 34).The gross margin rose to 42.9 per cent (40.7), positively impacted by primarily higher sales values, lower prices of materials and positive currency effects.Operating profit increased primarily due to the improved gross margin, which offset lower sales volumes.Currency gains of approximately SEK 15 million (losses: 25) affected the Group’s operating profit, of which SEK 15 million (neg: 5) comprised translation effects and SEK 0 million (neg: 20) transaction effects.Restructuring costs attributable to the planned sale of Hygena amounted to SEK 477 million, of which SEK 326 million pertained to impairment of goodwill and SEK 151 million to impairment of deferred tax assets.Return on capital employed including restructuring costs amounted to 10.9 per cent over the past twelve-month period (Jan-Dec 2013: 14.6), negatively affected by goodwill impairment in Hygena. Operating cash flow decreased as a result of the negative change in working capital and increased investments. Comments from the CEO“The gross margin for the past twelve-month period has continued to improve and the operating margin is the highest third-quarter figure in eight years. A large part of the negative organic growth is related to the sales decline in Hygena, but the decrease was also attributable to lower sales during the summer months in the Nordic region, except for Sweden. The planned divestment of Hygena is expected to be finalised before year-end, subject to approval from the French competition authority. Going forward, we are focusing on generating organic growth, while we are evaluating potential acquisitions and plan to increase our number of stores from next year,” says Morten Falkenberg, President and CEO.For further informationPlease contact any of the following on: +46 (0)8 440 16 00 or +46 (0)705 95 51 00:• Morten Falkenberg, President and CEO• Mikael Norman, CFO• Lena Schattauer, Head of Investor Relations


+---------------------------------------------------------------------------+|NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR||INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA |+---------------------------------------------------------------------------+ On 23 October 2014, Nasdaq Stockholm decided to admit Lifco’s series B shares to trading, subject to customary conditions, including that the prospectus is approved and registered by the Swedish Financial Supervisory Authority and that the distribution requirements in respect of the Company’s series B shares are fulfilled no later than on the first day of trading. Depending on market conditions, the first day of trading is expected to be 21 November 2014. The IPO of Lifco comprises existing series B shares sold by Carl Bennet AB. The shares will be offered to the general public in Sweden and to Swedish and international institutional investors. Carl Bennet AB, a company wholly-owned by Carl Bennet, currently holds all the shares and votes of Lifco and intends to remain as the long-term majority owner after the IPO. Fredrik Karlsson, CEO of Lifco, comments: ”Lifco creates value for its shareholders through a clear operational model based on acquiring and developing companies with a long-term focus. Since the buy-out of Lifco by Carl Bennet AB in 2000, Lifco has seen strong profit growth both organically and through acquisitions. We have now established a stable platform with strong cash flows, enabling us to create additional value for future shareholders. Access to the capital markets will strengthen our prospects for profit growth in the long term.” Carl Bennet, Chairman of the Board of Directors of Lifco and owner of Carl Bennet AB, comments: ”Fredrik Karlsson has, together with the management team, done a magnificent job in developing Lifco into a strong and very profitable group of leading industry and trade operations. We believe the time is now right for an IPO of Lifco. A listing of Lifco will provide Carl Bennet AB with a clear corporate structure with three listed companies, Lifco, Getinge and Elanders. This will simplify corporate governance for both me and the next generation.” Since 2006, Lifco has reported a compound annual sales growth of 12.6 per cent and, during the same period, the Company has reported compound annual EBITA growth of 13.8 per cent. Lifco is active in approximately 30 countries with sales of SEK 6,580m and EBITA of SEK 904m for the last twelve months up to and including September 2014. The group comprises approximately one hundred independent subsidiaries organised into three business areas: Dental, Demolition & Tools and Systems Solutions. Dental is a leading supplier of dental products in Northern and Central Europe. In 2013, this business area represented 47 per cent of the group’s net sales and 52 per cent of the group’s EBITA before group functions. Demolition & Tools develops, produces, sells and distributes demolition machines, tools and accessories for the demolition and construction industry. In 2013, this business area represented 20 per cent of the group’s net sales and 32 per cent of the group’s EBITA before group functions. Systems Solutions consists of businesses which deliver systems solutions to niche markets, and includes fittings for service vehicles, contract manufacturing, recycling plants, relining and sawmill equipment. In 2013, this business area represented 33 per cent of the group’s net sales and 15 per cent of the group’s EBITA before group functions. SEB is acting as Global Coordinator and Bookrunner in connection with the offering and ABG Sundal Collier and Carnegie are acting as Co-Lead Managers. Vinge and Latham & Watkins are legal advisors to Lifco. Lifco announces this information in accordance with the Securities Market Act and/or the Act on Trading in Financial Instruments. This information was submitted for announcement on October 27 2014 at 08.00 CET. Important information This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Lifco AB (publ) (“Lifco” or the "Company") in any jurisdiction where such offer or sale would be unlawful. In any EEA Member State, other than Sweden, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member State, the “Prospectus Directive”), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. This document and the information contained herein are not for distribution or release, directly or indirectly, in or into the United States of America, Canada, Japan or Australia. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Canada, Japan or Australia or in any jurisdiction in which any offer or solicitation would be unlawful. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. Any offering of securities will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the Company and its management, as well as financial statements. This document is an advertisement and not a prospectus for the purposes of the Prospectus Directive. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus. Matters discussed in this release may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "will," "may," "continue," "should" and similar expressions.  The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions.  Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond the Company’s control.  Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this release speak only as at its date, and are subject to change without notice.

Jim Nixon appointed President of Sandvik Venture and member of Group Executive Management

Jim Nixon is currently President of Varel International Energy Services Inc., a company operating in the fast growing energy sector, that Sandvik acquired earlier this year. Jim Nixon has an extensive experience from the energy sector also from leading positions at SDBS, which was part of the global technology group Dresser Industries. “Jim Nixon has an exceptionally strong background that Sandvik will benefit from greatly, considering our strategic direction with an increasing focus on growing in the energy segment. His entrepreneurial experience is well suited for Sandvik Venture, with the BusinessArea’s focus on developing and growing a number of businesses in a similar way as he has grown Varel over the years. I got to know Jim Nixon in conjunction with the Varel acquisition and I am convinced that he will contribute significantly to our company in his new position”, says Sandvik’s President and CEO Olof Faxander. Tomas Nordahl has been a member of the Sandvik Group Executive Management since 2011 and has been President of Sandvik Venture since 2012. He leaves Sandvik for a position as Senior Partner in Boston Consulting’s Global Operations. “I wish Tomas Nordahl the best of luck in his future career. He has been particularly instrumental in the important work with our strategy. In addition, Tomas Nordahl has established a stable foundation for Sandvik Venture especially in the oil and gas segment”, says Olof Faxander. The changes are effective as of 1 January, 2015. At the same time, the responsibility for strategy, IT and sourcing, previously with Tomas Nordahl, are transferred to Sandvik’s CFO Mats Backman. For further information contact: Magnus Larsson, Vice President Investor Relations, Sandvik AB, tel +46 8 456 12 40 or Pär Altan, Vice President External Communications, Sandvik AB, tel +46 8 456 12 37. Stockholm, 27 October 2014 Sandvik ABSandvik AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.15 CET on 27 October, 2014.  

Atlas Copco recognized by UN Global Compact index

“Our continued focus on sustainable productivity is paying dividends for society, our shareholders and of course our customers, and it is gratifying that the UN Global Compact index recognizes this,” said Mala Chakraborti, Atlas Copco’s Vice President Corporate Responsibility. The UN Global Compact is a strategic policy initiative for businesses committed to aligning their strategies and operations with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. Atlas Copo has been a member of the UN Global Compact since 2008, and the company’s Business Code of Practice is built on the compact’s ten principles. The companies on the stock index were selected based on their adherence to these principles, as well as their profitability. This stock index has outperformed the general global stock market, according to the UN Global Compact. Please visit the UN Global Compact 100 stock index ( for more information. Earlier this month, Atlas Copco was again included in the FTS4Good stock index, which includes world-leading companies that score well on social, governance and environmental practices. Also this year, the company was included in the prestigious Dow Jones Sustainability index, ranked number seven globally in the Newsweek Green Rankings, and recognized by the annual Global 100 list, presented at the World Economic Forum in Davos, as one of the world’s most sustainable companies.

Banish Pickpocket Panic with RiutBag – the next generation of urban rucksack

The next generation of rucksack has arrived today, simply allowing commuters and city travellers to leave behind worries of pickpockets to enjoy safe, smart and secure travel without concern for the safety of their belongings. The revolutionary rucksack has launched on Kickstarter, and after a few hours is already a “staff pick.” After Phil Hufton, London Underground COO, stated this year that pickpocketing was the most common type of crime experienced in the transport system, one UK entrepreneur has come up with an elegant and intuitive way to protect personal possessions from fear of wandering hands in our densely populated cities. The RiutBag flips the old rucksack design, placing all zip openings against the wearer’s back to ensure that data-rich belongings - from passports and purses to smartphones, laptops and tablets - are fully protected in transit. For busy commuters, regular travellers and residents of the world’s biggest cities, the RiutBag makes public travel a breeze and offers invaluable peace of mind that all belongings are safe and secure. The London Underground and corresponding transport systems in the world’s busiest cities are packed with commuters, tourists and travellers who will go to any length to secure their belongings and protect themselves from potential crime. Whether they wear their backpacks on their front – a favoured option in Beijing and Shanghai – or frequently check zips and fastenings, travellers in bustling urban centres are aware of the flaws in conventional backpack design. The RiutBag allows them to enjoy a new freedom while travelling, knowing that there are no exposed openings that could lead a pickpocket to their treasured smartphone, car keys or identification.  Sarah Giblin, founder of Riut and creator of the RiutBag, says, “The RiutBag concept came to me after years of commuting and travelling with my trusty rucksack. In the crush one day I realised the problem: when you wear a normal rucksack as intended, the person behind you can get access your things better than you. We’re bombarded with crime statistics and warnings to look after our belongings, yet the rucksack – choice of many commuters – isn’t helping us in urban spaces. Pondering an easier way to carry our bags without suspicion of anonymous fellow commuters around us, I set to work designing the RiutBag.” Billed as a ‘Revolution In User Thinking’ or ‘Riut’, the entrepreneur’s personal design mantra, the RiutBag is the perfect accessory for commuters, travellers and tourists that frequent busy cities and bustling transport systems. All zips are neatly designed against the wearer’s back, so there’s no risk of a nearby thief having easy access to the smaller compartments where smartphones, passports or tablets tend to sit. The minimal exterior is suited to those travelling for work – it’s sleek enough to accompany office attire, and inconspicuous enough to ensure it doesn’t draw attention for the wrong reasons in the way a smart briefcase or expensive handbag might. Ms Giblin adds, “The technology we carry with us, and our urban environment, has seen much change and innovation in the last few decades – yet the rucksack has fundamentally stayed the same. It’s time to look at non-tech items as a legitimate focus of innovation, like the humble rucksack. So here it is: the RiutBag is the next generation of rucksack. Until the day that teleportation is an accessible reality for all, I want to keep revolving rucksack design anew around the needs of the user now and in the future. But it all starts here, with the first and fundamental revolution of the rucksack.” The RiutBag launches today (27 October 2014) on Kickstarter, crowdfunding platform, attempting to secure enough backers to put the bag into full-scale production. For more information about the RiutBag, or to pledge your support to the crowdfunding campaign, visit the Kickstarter page:

Bookings Open For 2015 Stays In Opulent French Villa In Vence

A luxury French villa located in Vence, France has begun taking bookings for 2015 enabling travellers and holiday goers looking for a picturesque escape to indulge their travelling taste buds in the New Year. The picturesque Villa Mes Nuits Blanches is located in the quaint town of Vence, situated nearby the renowned French Riviera, providing an ideal destination for romancing couples looking for a sun-kissed escape, families longing for quality time and groups hoping to take in the highly acclaimed South Coast of France.   The decadent 5 star villa experience is open to let, providing sun-chasers the ideal opportunity to indulge extravagant tastes a mere five minute drive away from the historical local town of Vence, providing an authentic experience of southern France. The villa boasts five bedrooms ensuring that large parties of friends and families can take in the sublime south together. The semi-rural surroundings boast beautiful views of the ancient old town and rolling hills, with endless opportunities for long walks and striking holiday snaps. With ground comprising of just under an acre of land, the villa gives holiday makers complete privacy for a home away from home complete with a pool, reception area and terrace. Phil Chesworth, owner of the Vence villa, says, “France is an ideal escape because it is situated close by so it is a mere hop, skip and a jump away from the UK and the weather remains beautiful throughout much of the year. Those looking to escape Britain can enjoy scorching sunshine, stunningly surreal views and a truly atmospheric experience minus the heaving crowds that pound the streets in most major worldwide cities and beach destinations. We are taking bookings all year round so whether people are looking for a winter, spring or summer escape; it truly is the perfect experience for everyone and a great way to give yourself something to look forward to in 2015.” Situated 20 miles from the nearest airport, the valiant villa is also a short drive away from world renowned cities Nice and Cannes which can easily be reached by car for a mesmerising day trip. Travellers can marry the serene experience of an untouched, sheltered paradise with effortless access to unforgettable Mediterranean cities for a holiday that combines the best of both. The villa was constructed 40 years prior intended for a local baker and his family and was oriented in the local style, further finished with lavish additions to bring it into the 21st century. As a premier destination in the local area, the self-catered villa encapsulates the best of Southern France. Phil continues, “The French weather is favourable and there is so much to see and do in and around Vence. Visitors can experience a gorgeous array of museums, or of course, simply enjoy the simple life living it up in their very own villa.” For more information about the villa in Vence, please visit the website:

Cabinet Tronix TV Lift Furniture Makes the Ideal Christmas Gift for Telly Lovers

One of the industry’s leading providers of elitist TV lift furniture in the US is making Christmas a little more of a cracker this year, offering families and TV fans the opportunity to entertain themselves with family favorites, catch the latest releases and swat up on sensational new series’, framing their televisions with a TV lift console. With over 120 different TV lift cabinet models available, avid watchers are spoilt for choice. The stunningly opulent range of upmarket finishes are ideally suited to furnish any home, with authentic traditional units and sleek ultra-model stations to provide homes with an immediate re-vamp or kit out newly decorated homes. The decadent designer items are crafted with painstaking attention to detail, offering hardwearing durability, outstanding quality and enviable style, fusing practicality with longevity and looks. Trace McCullough, of Cabinet Tronix, says, “At Christmas time, family and friends gather together and watch TV. It doesn’t matter whether they are watching movies, television, playing music or games; the TV really connects people during this time. Any of our pop-up TV lifts make a great addition to the home as a high-end treat for a little Yuletide pampering. As such items are designed to last for years, it’s a worthwhile investment and a great way to see in Christmas and the New Year with loved ones.” The highly acclaimed company is based out of California and has recently been credited with a ‘Best of Houzz 2014’ award. Its range of TV lift cabinets and full bed sets with integrated TV lifts is encouraging families to cosy up this Christmas with a customized, authentic look for a festive treat. Stock sizes enable those seeking out motorized TV lift cabinets to browse between an assortment of startling designer finishes to provide an elitist look to suit the placement. With 16 finishes to choose from ranging all ends of the color spectrum from Camden White to Dark Walnut, TV devotees can customize and personalize the look of their television to cultivate the perfect image. All 120 models come in a variety of available configurations including against a wall, at the foot of the bed or at the centre of the room. Trace added, “Imagine waking up on Christmas day to find a TV unit at the bottom of your bed. It’s a really luxurious surprise that serves a highly practical purpose and also looks aesthetically stunning. Christmas is the season for TV which is why such a wise investment makes the perfect present, although we can’t promise that it will fit in your stocking!” To find out more about the incredible range of Cabinet Tronix pop-up TV lifts, visit: Facebook: Twitter:

Spiral of candles for early evening contemplation at York Minster

A serene spiral of remembrance will be created in York Minster’s Chapter House as part of its Saints and Heroes event to celebrate the season of All Saints and All Souls, running from 4pm each day as the light starts to dim. Visitors to the cathedral, as well as those attending the daily Evensong services, will be invited to light a candle in honour of someone they would like to remember, with the candles making up a stunning spiral as more and more are added.  “The atmosphere in York Minster changes as darkness falls, becoming quieter and more serene as the bustle of the day makes way for the calm of the evening, making it a perfect place for contemplation,” comments Canon Michael Smith.  “The candle spiral in the Chapter House creates a wonderful focal point for contemplation and meditation; a wonderful time when you can take a break to remember lost loved ones in a stunning space lit only by the flickering flames of the tea lights.” The first candles in the spiral will be lit each day at 4.00pm, with the Chapter House remaining open for those already in the cathedral (including those attending Evensong) until approximately 7.00pm each evening. The candle spiral is just part of the Saints and Heroes season in York Minster, with other daytime activities including live street art, as two top street artists, Inkie and C-Bloxx, take inspiration from the stained glass and the Minster’s patron saints to create two new works of spray-painted art. Please note that the last visitors will be admitted to York Minster at 5.00pm (5.15pm for Evensong attendees) each day.  For more details, please visit ENDS For further media information or photographs, please contact: Jay Commins Pyper York Limited Tel:         01904 500698 Email:

Ground-breaking New Concept Hits Juice And Shaker Market

A progressive product design, development and invention group has pushed the boundaries of sports drink bottles with the launch of an exciting new product called Intelishake. Defined by its three interchangeable compartments, Newtonstein’s innovative product allows users to mix and match cylinders to create a customized bottle that complements individual needs. Blending fashion with functionality, the Intelishake is set to emerge as a must have accessory for any fitness fanatic. As a group of self-confessed ‘crazies’ it comes as no surprise that Newtonstein was the first company to put a fun and colorful spin on the conventional sports bottle. The ingenious Intelishake features three interchangeable compartments that can be unscrewed and reassembled in order to build a bespoke bottle design. From tall and functional to sleek and compact, Intelishake is all about catering to the exact needs of its user. Snehal, Inventory & Vice President said, “With the Intelishake, we really wanted to create a unique product that made fitness easier and more enjoyable than ever. After months of planning, we’ve developed a unique workout companion that keeps users hydrated, organized and on-trend.” Capping the design is a top compartment for storing water, juices, smoothies and protein shakes. A removable shaker spring is also included to ensure frothy shakes and silky smooth juices with minimal exertion. At the base is a small compartment which is perfect for stashing pills, protein powder and supplements. While these features are seen in other competing products, no sports bottle offers users a third compartment specially designed to house everyday personal items such as car keys, credit cards, cash or a mobile phone. Without the presence of a gym locker, these are items that must be carried while working up a sweat outdoors. Rather than storing them in pockets or be bulky backpacks, Intelishake allows users to stash essentials in a place that is safe and secure. A unique sip spout makes drinking fast, easy and spill free. Users simply lift for a thirst quenching hit and press down for a leak free seal. Every product comes with three soft touch colored rings featuring branded laser burned icons. As well as offering users an improved grip, these can also be interchanged to create a customized Intelishake bottle that reflects individual style. With seven vibrant colors including Techno Orange and Dragon Teal, the bottles are a fail-safe way to make a fashion statement at the gym, pool, track or any other fitness environment.  With BPA free, DEHP free and food grade approved credentials, Intelishake users are given complete peace of mind that they are not ingesting any harmful chemicals or toxins. Furthermore, the dishwasher safe design makes the product perfect for busy lifestyles. To find out more about the all new Intelishake from the Newtonstein group, visit the website at:  Facebook: Twitter:   

Donate to UNICEF when booking Finnair flights online to support Schools for Asia projects

Finnair, the United Nations children’s organization UNICEF and Amadeus, a leading technology partner for the global travel industry, have joined forces to benefit the world’s most unprivileged children. Passengers now have the opportunity to make a donation to UNICEF and support education for Asian children when booking their flights on the Finnair web site ‒ available in 37 different country editions and 14 languages. The option will become available as of today and donations will be possible in sums of one, five or ten euros. Donated sums are directed to UNICEF’s Schools for Asia campaign which supports education for the most vulnerable children in 11 Asian countries. "On the anniversary of the 20th cooperation year, Finnair and UNICEF together with Amadeus, will launch a digital fundraising collection. We've traditionally made the collection in-flight, but now passengers can donate as they book their flights at We hope that passengers will back our aim of providing a better future for many Asian children,” says Pekka Vauramo, CEO of Finnair. "Even very small sums can make a big difference, and every donation is significant to those who benefit.” ”Finnair and the Finnish Committee for UNICEF have been raising funds for children together for twenty years. We’re extremely pleased to include this new mode of cooperation in our partnership, and we warmly welcome on board our new technology partner Amadeus,” says Marja-Riitta Ketola, the Executive Director for Finnish Committee for UNICEF. “This partnership with Finnair underpins the global CSR agreement signed with UNICEF through which Amadeus provides the necessary technology through a community platform for online donations. As a long standing travel industry partner for Amadeus, Finnair shares our vision that CSR must be a continued priority for companies wishing to be at the forefront of their respective sectors," comments Luis Maroto, President & CEO of Amadeus. Finnair’s oneworld alliance partner Iberia launched a corresponding donation initiative on its own website in November 2013. Video available: More information:Finnair Media Desk p. +358 9 818 4020, comms(a)finnair.fiAmadeus, Corporate Communication, Tel. +34 91 582 0160, mediarelations(a)amadeus.comFinnish Committee for UNICEF, Eija Wallenius, Communications, Tel. +358 43 824 1198, eija.wallenius(a) Finnair in Facebook: in Twitter: Group: www.finnairgroup.comImages: http://gallery.finnair.comFinnair blog: Finnair Finnair flies between Asia, Europe and North America with an emphasis on fast connections via Helsinki, carrying more than nine million passengers annually and connecting 15 cities in Asia with more than 60 destinations in Europe. The airline, a pioneer in sustainable flying, will be the European launch customer of the next-generation, eco-smart Airbus A350 XWB aircraft and is the first airline listed in the Leadership Index of the worldwide Carbon Disclosure Project. The only Nordic carrier with a 4-star Skytrax ranking, Finnair has also won the World Airline Award for Best Airline Northern Europe for the past five years running. Finnair is a member of oneworld, the alliance of the world's leading airlines committed to providing the highest level of service and convenience to frequent international travellers. UNICEF UNICEF promotes the rights and wellbeing of every child, in everything we do.  Together with our partners, we work in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere.  For more information about UNICEF and its work visit, please visit Follow us on Twitter  ( Facebook ( Amadeus Amadeus is a leading provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies). The Amadeus group employs around 11,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organisations globally.  To find out more about Amadeus please visit 

Get Relationship Ready for the New Year with Bowes-Lyon Partnership

With less than three months left until the end of 2014, many people’s thoughts are turning to their New Year’s resolutions and how they will make the best out of 2015. Successful singletons seeking love are urged to forge meaningful romantic connections before the encroaching New Year by utilising Bowes-Lyon Partnership’s approach to becoming relationship-ready before being introduced to a potential partner. Bowes-Lyon Partnership is encouraging romantic Romeo’s and ladies looking for love to ring in the New Year with an invigorated search for their dream partner, if they do not find one before then. The service centres on intuitive match-making, enabling those who are successful and elite within their disciplines to locate one another across the successful dating platform. By eschewing an automated system, the service is able to offer a personalised approach to long-lasting love connections. The Introduction Agency urges people to become prepared for relationships on the cusp of coming into being by further focus on themselves as well as building budding romantic connections. Hayley Bystram, Director of  Bowes-Lyon Partnership ( says, “Often, those that have dedicated time to pursuing successful careers in elitist fields are lacking when it comes to their love lives purely because they have no time to commit or struggle to meet likeminded individuals. It can be difficult to carve out an equally successful personal and professional life hence why we attract professional singles who want to meet a life partner. We pride ourselves on what makes us different from other dating agencies; we really focus on understanding the person behind the profile rather than just a meaningless set of statistics. We understand that hair colour, height and zodiac sign only say so much about a person. We’re looking to unite members who can feel an enduring spark; a passionate chemistry that will pave the way to a significant relationship.” Bowes-Lyon Partnership offer its distinctive introduction services for elite clients by calling on the efforts of a specialist team of match-makers designed to play cupid. Uncovering clients’ ambitions, long-term plans, values and preferences, they are able to source potential matches. Establishing personal knowledge about both parties on a firsthand basis enables the team to make meaningful matches. Hayley continues, “Most dating sites don’t know that much about a person. They accumulate meaningless information that doesn’t amount to much and match people based on superficial, in-coincidental data. Real love and chemistry is based on a gut reaction and instinct and doesn’t always make practical sense which is why many sites and services fall short at helping their clients find love. We understand the magic of falling in love and how you can’t force it to happen. Instead, we study people, we know them personally, come to understand them and on that basis, much like a guardian angel or cupid, we pluck out matches that we believe have that special ingredient that constitutes real love. There are a lot of people looking for someone special to spend New Year with and we can make that happen. With a little luck, they might even have met them by Christmas.” To find out more about London’s foremost introduction company visit

UAViate Provides Drone Consultancy to Major Hollywood Film Production

A Hampshire based drone operations and consultancy firm has announced one of its most exciting projects to date – working on a Hollywood blockbuster to be released next year.  UAViate is currently on set lending its specialist services to the production of hard hitting action movie Criminal, set for release in 2015. The blockbuster features a star studded cast including Hollywood icons Tommy Lee Jones, Kevin Costner, Gary Oldman and Ryan Reynolds.  While the plot is top secret and cannot be revealed – filming is still taking place – UAViate can reveal it has provided drone consultancy to the production of the highly anticipated film. James Hervey, Senior Drone Consultant of UAViate said, “This is by far one of the most exciting ventures we’ve ever worked on, as the film features some big Hollywood stars so it’s a thrilling opportunity.  Our drone services are second to none, which is why Cloud 12 and the production team called on UAViate to assist this high-status project.” Led by Paul Rigby, Managing Director, UAViate has established itself as the leading go-to drone consultancy and aerial photography specialists in the UK.  As a qualified engineer, with 10 years’ experience in operations and engineering at National Air Traffic Services, Paul is ideally placed to advise and consult companies on how to implement innovative drone technology. Moreover, he is the UK legislation representative for the trade body ARPAS and the company boasts aviation safety, security and H&S specialists within its team. Drones and other forms of unmanned technology can be highly beneficial for infrastructure inspections, aerial surveys and are a cost effective solution for aerial photography and video services.  However, companies that don’t have flying experience or staff members knowledgeable in aviation safety and drone legislation will need the help of experts such as UAViate to ensure they stay within the law whilst using the technology. James said, “It can be a difficult, time consuming operation. Organisations need to log everything including battery charging, training, safety procedures and maintenance.  Our consultancy service not only allows companies to hire our aircraft equipment and pilots, we can also set them up with their very own airborne service.  We love helping companies large and small take advantage of this emerging new tech – and it’s a possibility you could use the same drones which graced the set of a Hollywood movie!”  UAViate is the leading provider of drone consultancy in the UK.  To find out more about its services visit

Southampton Solent Business School launches Government-backed Growth Voucher initiative for SMEs

This new roll out of Growth Vouchers, by six leading business schools who hold the Small Business Charter, will allow more entrepreneurs to access world class support to expand their businesses. The initiative provides match funding to small businesses to pay for and access high quality leadership and management advice from a national consortium of top business schools. Thousands of businesses have already benefited from strategic support via business schools holding the Small Business Charter and through Government Growth Vouchers. Southampton Solent is a trailblazing member of the Small Business Charter Award scheme. An award received last June in recognition of the role it has played in helping to kick-start British enterprise.  Professor Georgina Andrews, Director of Southampton Solent Business School says: It’s great to be given further resources with which to continue providing expert support and advice to local business and enterprise. It will enable us to offer support and advice to even more student, graduate and regional start-ups and small businesses looking for ways to develop and grow.” Enterprise Adviser to the Prime Minister, Lord Young, says:  “Strategic advice is key to business success and I welcome the arrival of Southampton Solent Business School as a partner delivering the Growth Vouchers Programme. With their support, more small businesses will be able to access the advice they need to succeed and grow and create more jobs and opportunities.” Ian McNaught, Executive Director of the Small Business Charter says: “I am thrilled and excited that business schools awarded with the Small Business Charter are now at the frontline of Government’s support network for ambitious small businesses. Growth Vouchers are a great new weapon in our armoury as we work to link the expertise of Britain’s world class business schools like Southampton Solent Business School with the dynamism of our ever growing ranks of entrepreneurs.” Small Business Charter business schools have directly helped over 8000 small businesses – working with them through workshops, mentoring and other business support.  These schools have been behind 800 business start-ups and have helped 4,700 students to find work placements in Britain’s exciting micro-business and start-up sector. Teaming up with the Government’s Growth Voucher programme is yet another way in which Southampton Solent Business School is helping to support the small business community. Eligible businesses can apply for a voucher to match fund up to £2,000 towards the cost of strategic advice in the following areas: · Review of growth opportunity – competitor analysis tools · Cash flow and general financial management · Marketing and sales strategies for micro-enterprise · Process mapping – understanding where I add value in my business · Raising the finance for growth · Planning next steps – with a business mentor

Stephane Le-Mounier appointed President, SKF Automotive

Gothenburg, Sweden, 27 October 2014: SKF announces that Stephane Le-Mounier has been appointed President of the business area SKF Automotive. Stephane will assume his new role on 1 January 2015 and will be a member of SKF’s Group Management and Executive Committee. He succeeds Tryggve Sthen, who is retiring. Stephane joined SKF in 1988 and has held a number of senior positions within both SKF’s industrial and automotive businesses. Most recently, he was Director of the Group’s aerospace business unit. Stephane holds a degree in Mechanical Engineering and a post-graduate degree in Finance and Controlling. He is a French national. Tryggve joined SKF in 2003, leading the Automotive business for 12 years. He will work with Stephane to ensure a smooth handover until his retirement at the end of 2014. SKF Automotive serves manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers and the vehicle aftermarket. In 2013, the business area generated SEK 17,421m in net sales, representing 27% of the Group’s total. Aktiebolaget SKF(publ) For further information, please contact:Media Hotline: +46 31-337 2400Press Relations: Theo Kjellberg, +46 31-337 6576; +46 725-77 65 76; theo.kjellberg@skf.comInvestor Relations: Marita Björk, +46 31-337 1994; +46 705-18 19 94;   SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2013 were SEK 63,597 million and the number of employees was 48,401.® SKF is a registered trademark of the SKF Group.

York Minster welcomes £200,000 grant for vital repairs

A government sponsored fund has awarded a grant of £200,000 to York Minster to support vital repairs to the 800 year-old building. The grant, announced this morning by the Culture Secretary Sajid Javid, is part of an £8.3 million award from the First World War Centenary Cathedral Repairs Fund. York Minster is one of 31 English cathedrals to receive money from the fund. York Minster’s funding will be directed to the repair of the stonework and roof of the Camera Cantorum. Dating from 1415, and located on the south side of the Minster, the Camera Cantorum is a two storey structure, which currently houses the Minster shop and the Minster Song School and is where generations of choristers have been trained. Twelve former choristers and an Alto songman were killed on active service in the First World War. Commenting on the award of the grant, the Very Reverend Vivienne Faull, Dean of York Minster said: “These funds will provide a very welcome contribution to the ongoing, protection, repair and conservation of the Minster. Today’s announcement acknowledges the importance of preserving our cathedrals for worshippers, visitors, local communities and in the national life and history of our country.   “Enabling the restoration of the Camera Cantorum with funds from the First World War fund is a fitting response and establishes and a living memorial to the lives of those local young musicians of great promise who gave their lives in service of the nation.” Notes for Editors For more information on the grants awarded under the £8.3 million fund visit For more information about York Minster please contact: Sharon Atkinson Director of Communications York Minster Tel:       01904 557428 Email: Stacey Healey Marketing Executive York Minster Tel: 01904 559545 Email:

Bulletin from the extraordinary general meeting of D. Carnegie & Co AB

The Company’s acquisition of Östgötaporten AB The meeting resolved, in accordance with the board of directors’ proposal, to approve the Company’s acquisition of Östgötaporten AB. For further information about the acquisition, please see the Company’s website, Directors of the board and remuneration The meeting resolved that the number of directors to be elected by the general meeting shall be five with no deputies. Knut Pousette, Ronald Bengtsson and Mats Höglund were re-elected and Ranny Davidoff and Bjarne Eggesbø were elected as directors of the board. Knut Pousette was re-elected as the chairman of the board of directors. The meeting resolved that the remuneration to the board of directors shall amount to SEK 400,000, to be distributed with SEK 100,000 to each of the directors of the board not employed by the Company or by a company within the group. The remuneration relates to compensation for a period of one year. The remuneration is to be paid to the board members prior to the next annual meeting 2015, calculated in proportion to the date of the election of each of the directors. Nomination committee The meeting resolved to appoint a nomination committee for the annual general meeting 2015 consisting of Gustaf Bodin (representing Frasdale International B.V), Geir I Solberg (representing Svensk Bolig Holding AB) and Knut Pousette (representing Kvalitena AB). For more information, please contact: Ulf Nilsson, CEO, D. Carnegie & Co AB                                                           +46 (0)8 – 121 317 00 Knut Pousette, Chairman of the Board, D. Carnegie & Co AB             +46 (0)8 – 121 317 00

Interim report January- September 2014

(Tables included in attached PDF) Third quarter 2014 · Net sales increased with 9% and adjusted operating profit increased with 54% compared to the third quarter 2013 due to synergy realisation and more favourable currency exchange rates. · Compared to the previous quarter net sales increased 1% and adjusted operating profit increased 11% due to improved exchanged rates and seasonally lower personnel costs. · Operating profit was negatively impacted with approximately SEK 227 million by periodic maintenance shutdowns in three of the production units. January-September 2014 compared with the same period in 2013 · Net sales has increased 5% due to 4% volume growth and more favourable currency exchange rates. · The adjusted operating profit has improved with SEK 441 million primarily due to synergies and a weakened SEK. · Synergies of approximately SEK 208 million have impacted the first nine months compared to the same period last year. · Net debt/equity ratio has declined from 0.87 to 0.73. Outlook · Demand and order situation is expected to decline temporarily for business areas Consumer Board and Packaging Paper in the fourth quarter. The decline is due to seasonal variations. Business area Containerboard is expected to stay on the same level as in the third quarter. In addition, December 2014 is an unusually short delivery month. · Average prices in local currency are anticipated to be stable. · Wood prices are expected to stay on current level for the fourth quarter of 2014. · Capital expenditures is estimated to be approximately SEK 1 550 million in 2014, which is SEK 150 million above the depreciation level. The capex level for 2015 will also be above the depreciation level. · Full synergies have been reached as of quarter three 2014. Comments by BillerudKorsnäs’ CEO Per Lindberg: Continued evidence of strength in third-quarter “Our performance in the third quarter was very strong and I am pleased to see an adjusted operating margin for the quarter at 10% and an adjusted operating profit level of SEK 518 million. The quarter contained maintenance shutdowns at three of our production units with a negative impact on profits of approximately SEK 227 million. Year on year our net sales has grown 5% and our sales volume has grown 4%. We have reduced our debts significantly thanks to a strong cash flow and our Net debt/equity ratio is now down to 0.73. In spite of an uncertain global environment, the overall market for packaging materials has been good for all business areas during the quarter with stable prices and demand. Business area Packaging Paper has kept the prices stable and is seeing opportunities to raise prices for some of the segments in speciality kraft papers. Business area Containerboard has, as expected, experienced pressure from the increased market capacity on the liner side which is reflected in lower sales volume but with continued strong margins. Business area Consumer Board shows stability with sales volumes growing better than planned, 5% compared to last year. After several consecutive quarters with improved performance, we are temporarily seeing some challenges in the fourth quarter. December will be very short from a delivery perspective and business areas Packaging Paper and Consumer Board both anticipates a seasonal volume decrease. Containerboard continues on a lower than normal volume level for liner in the fourth quarter due to increased market capacity. During the third quarter we have announced investments in line with our asset review and long term strategy. We are growing in accordance with our profitable growth plans, 4% compared to last year. We have now reached our synergy targets well ahead of plan. Even if we now close our synergy program, we will continue our efforts with driving profit improvements in our daily work to improve our efficiency and operational excellence. We see great opportunities to still learn from each other within the organisation and to create value for our customers, shareholders and employees.’’ BillerudKorsnäs’ President and CEO Per Lindberg and CFO Susanne Lithander will present the interim report at a press and analyst conference at 10.00 CET on Tuesday 28 October 2014. Venue: Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm, Sweden. For further information, please contact:Per Lindberg, President and CEO +46 (0)8 553 335 00Susanne Lithander, CFO, +46 (0)8 553 335 00 The information in this report is such that BillerudKorsnäs AB (publ) is obliged to disclose under the Swedish Securities Market Act and was submitted for publication at 07.00 CET on 28 October 2014. This report has been prepared in both a Swedish and an English version. BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm.

Continued evidence of strength in third-quarter

CEO Per Lindberg comments on the development during Q3 2014: “Our performance in the third quarter was very strong and I am pleased to see an adjusted operating margin for the quarter at 10% and an adjusted operating profit level of SEK 518 million. The quarter contained maintenance shutdowns at three of our production units with a negative impact on profits of approximately SEK 227 million. Year on year our net sales has grown 5% and our sales volume has grown 4%. We have reduced our debts significantly thanks to a strong cash flow and our Net debt/equity ratio is now down to 0.73. In spite of an uncertain global environment, the overall market for packaging materials has been good for all business areas during the quarter with stable prices and demand. Business area Packaging Paper has kept the prices stable and is seeing opportunities to raise prices for some of the segments in speciality kraft papers. Business area Containerboard has, as expected, experienced pressure from the increased market capacity on the liner side which is reflected in lower sales volume but with continued strong margins. Business area Consumer Board shows stability with sales volumes growing better than planned, 5% compared to last year. After several consecutive quarters with improved performance, we are temporarily seeing some challenges in the fourth quarter. December will be very short from a delivery perspective and business areas Packaging Paper and Consumer Board both anticipates a seasonal volume decrease. Containerboard continues on a lower than normal volume level for liner in the fourth quarter due to increased market capacity. During the third quarter we have announced investments in line with our asset review and long term strategy. We are growing in accordance with our profitable growth plans, 4% compared to last year. We have now reached our synergy targets well ahead of plan. Even if we now close our synergy program, we will continue our efforts with driving profit improvements in our daily work to improve our efficiency and operational excellence. We see great opportunities to still learn from each other within the organisation and to create value for our customers, shareholders and employees.’’

BillerudKorsnäs invests for growth in sack paper markets

The BillerudKorsnäs Board of Directors has approved a SEK 260 million investment for sack paper machine 9 at the Skärblacka production unit. The investment will further add to the quality leadership of the BillerudKorsnäs sack paper range and will also increase the capacity of the machine by 20 000 t/a up to 180 000 t/a. The investment is a part of the growth agenda Selective Growth for BillerudKorsnäs Business Area Packaging Paper. Paper machine 9 produces high quality brown sack papers that are used for the construction of sacks primarily for packaging of cement, other construction minerals and chemicals. Most of these papers are sold in emerging markets outside of Europe. - We see strong potential for our sack papers in South East Asia, where our sack paper brand QuickFill is a quality leader. In those regions, cement and other construction minerals are very often packed in plastic sacks. Sacks made out of our material offer the brand owner large benefits when it comes to production economy, but also when it comes to sustainability and health – says Johan Nellbeck, SVP Packaging Paper. The investment includes the head box and wire section of the paper machine and it will be carried out during 2015. For BillerudKorsnäs, the investment is an outcome of the asset review that has been conducted. It is an important step in the development of the Skärblacka production unit and follows after successful investments in energy and environment since 2012. As previously communicated, the BillerudKorsnäs capex levels for 2015 and 2016 will be above the depreciation level. For further information, please contact: Johan Nellbeck, SVP Packaging Paper, +46 8 553 335 00Henrik Essén, SVP Communication and Sustainability, +46 8 553 335 00 The information in this press release is such that BillerudKorsnäs AB (publ) is obliged to disclose under the Swedish Securities Market Act and was submitted for publication at 07:05 CET on 28 October 2014. This release has been prepared in both a Swedish and an English version .

Alfa Laval AB (publ) Interim report July 1 - September 30, 2014

Summary: third quarter *Order intake increased by 26 percent** to SEK 9,708 (7,415) million.Net sales increased by 24 percent** to SEK 9,272 (7,172) million.Adjusted EBITA was SEK 1,545 (1,198) million.Adjusted EBITA margin was 16.7 (16.7) percent.Result after financial items ** was SEK 991 (1,075) million.Net income was SEK 697 (822) million.                                        Earnings per share was SEK 1.65 (1.95).Cash flow from operating activities was SEK 1,667 (994) million.Impact on EBITA of foreign exchange effects was SEK -7 (-47) million.Impact on result after financial items of comparison distortion items was SEK -260 (-) million. Summary: first nine months *Order intake increased by 17 percent** to SEK 26,151 (22,069) million.Net sales increased by 13 percent** to SEK 24,292 (21,192) million.Adjusted EBITA was SEK 3,955 (3,502) million.Adjusted EBITA margin was 16.3 (16.5) percent.Result after financial items ** was SEK 2,944 (2,971) million.Net income was SEK 2,057 (2,169) million.                                        Earnings per share was SEK 4.88 (5.15).Cash flow from operating activities was SEK 3,433 (3,003) million.Impact on EBITA of foreign exchange effects was SEK ‑27 (-142) million.Impact on result after financial items of comparison distortion items was SEK -320 (-) million. * 2013 restated to IFRS 11.** Excluding currency effects. Outlook for the fourth quarter:“We expect that demand during the fourth quarter 2014 will be on about the same level as in the third quarter.”Earlier published outlook (July 17, 2014): “We expect that demand during the third quarter 2014 will be on about the same level as in the second quarter.” The interim report has been reviewed by the company’s auditors, see page 26 for the review report. For more information, please contact:Peter TorstenssonSenior Vice President, CommunicationsPhone: +46 46 36 72 31Mobile: +46 709 33 72 31peter.torstensson@alfalaval.comGabriella GrotteInvestor Relations ManagerPhone: +46 46 36 74 82Mobile: +46 709 78 74 82gabriella.grotte@alfalaval.comAlfa Laval AB (publ)PO Box 73SE-221 00 LundSwedenCorporate registration number: 556587-8054  Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07.30 (CET) on October 28, 2014.

Interim report Q3 January – September 2014

The CEO comments: Inwido has performed well this year in terms of both growth and profitability. Sales saw organic growth of 8 percent and order bookings for comparable units rose by 7 percent in the third quarter. The order backlog for comparable units is now 16 percent higher than at the same point in 2013. Meanwhile, the initiatives we have been pursuing in recent years have significantly enhanced efficiency in our operations, which means that, since achieving volume growth we have seen a rapid improvement in earnings. Our operating profit (EBITA) rose to SEK 171 million for the quarter, resulting in an encouraging operating margin of 13.3 percent. Our performance in the third quarter has varied across markets and distribution channels. Denmark is currently our strongest market. Alongside the fact that we have won market share, the acquisitions of JNA and SPAR have also made a positive contribution to both growth and earnings. In Sweden, it is primarily the industry market that is experiencing strong growth, while the Finnish market is characterised by persistently weak development, offset by the disappearance of a significant competitor and our subsequent increase in market share. The Norwegian market is performing slightly under par. The radical internal measures we implemented in Norway have in this respect produced the anticipated positive impact. The focus is now on increasing income. Developments on markets outside the Nordic region have been varied, with Ireland being a market that is performing extremely well for us. Generally speaking, competition remains fierce. As regards our operating environment and the indicators that we monitor, we noted a somewhat increased uncertainty after the summer. We are seeing this in areas such as consumer confidence. Development in the Nordic region is divided, with Sweden and Denmark progressing in the right direction, albeit slowly, while the Finnish economy is being impacted by the crisis in Russia. For our part, with winter, our quietest season, now approaching, we are, as usual, adjusting our production capacity and consequently also our costs. In addition, we are persisting with our continual work on long-term improvements in efficiency, new and smarter product solutions and our focus on the consumer, with the aim of bringing about profitable growth.  MALMÖ, 28 OCTOBER 2014 Håkan JeppssonPresident and CEO Read the full report in the pdf attached 

Tele2 and Cubic Telecom announce M2M partnership

M2M/IoT implies that machines send information to one another using SIM cards and without the direct involvement of human interaction. These signals aim to control a process or tell a machine to perform a certain action. M2M/IoT is currently one of the fastest-growing business segments in technology. The partnership between Cubic Telecom and Tele2 enables global enterprise customers to utilize Cubic Telecom’s end-to-end cloud based solution to quickly deploy and implement M2M/IoT services. The M2M services bring added value to the end user, and drive new revenue streams for the enterprises. Some of the world’s leading Fortune 500 brands, such as HP, Lenovo, and Sierra Wireless, are already relying on this cloud based solution to help them deliver connectivity, management and monetizing M2M/IoT devices on a global basis. Barry Napier, CEO of Cubic Telecom comments: “We want to make it as easy as possible for enterprises to run their businesses. By expanding our footprint through partnering with Tele2 we not only meet the needs of our expanding customer base by allowing them to grow internationally with proven tools, but we provide them with a clear advantage over their competition.” Tele2 has recently made extensive capability investments in their M2M business, signaling that this is a key focus for the operator going forward. Rami Avidan, Head of Tele2 M2M Global Solutions comments: “We see great opportunity in the M2M/IoT space and we are delighted to be working with Cubic Telecom to bring the benefits of M2M/IoT to their markets and provide solutions for some of the largest brands in the world.” For further information, contact:Lars Torstensson, EVP Communication & Strategy, Telephone: +46 702 73 48 79 TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 14 million customers in 9 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2013, we had net sales of SEK 30 billion and reported an operating profit (EBITDA) of SEK 6 billion.

Interim report January-September 2014

Third quarter July-September 2014 · Order intake was SEK 842 (232) million · Net sales were SEK 338 (220) million · EBIT was SEK 37 (9) million · Earnings per share was SEK 0.31 (0.00) Interim period January-September 2014 · Order intake was SEK 1,410 (679) million · Net sales were SEK 819 (672) million · EBIT was SEK 45 (-10) million · Earnings per share was SEK 0.34 (-0.21) OutlookThe assessment for sales in 2014 remains unchanged from the previous quarter. The company´s assessment is that sales in 2014 will be in the span of SEK 1,150 – 1,250 million. Stronger order intake in several areasThe order intake is demonstrating growth, but this is also an indicator of the fluctuations that occur, especially within the PG market. During the first nine months, the Group received orders for seven mask writers. The trend towards increasingly advanced electronics products drives demand for complex photomasks for use in the manufacture of displays for these products. At the same time the customers’ utilization of existing equipment has been high. Together, the two factors have led to customers starting to invest in new equipment. However, investment in mask writers has not been solely in advanced equipment for manufacturing of displays, but also for other segments.   “We are happy to have succeeded in matching our offering within business area PG with various needs within several different market segments. This has resulted in a number of orders during the third quarter”, says Lena Olving, CEO and President of Mycronic AB.  The market for SMT equipment has also remained favorable. During the third quarter, Mycronic saw an increase in both the order intake and sales, as has been the case during the entire interim period. The consolidated EBIT remains positive for the fifth consecutive quarter. Cash flow, excluding an extra dividend of 245 MSEK, which was paid out in August, reached SEK 167 million during the third quarter.By delivering new products in tandem with customers’ changing requirements, and by simultaneously maintaining cost levels, Mycronic has created good conditions for long term profitability. “We are continuing to strengthen our brand, which positions us as an important supplier of effective production solutions. We are pleased to report a good third quarter, but it is also important to point out that while these types of investments can occur at the same time, this is not a typical quarter”, says Lena Olving. About Mycronic Mycronic AB is a high-tech Swedish company engaged in the development, manufacturing and marketing of production equipment to the electronics industry. Mycronic headquarters is located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, Taiwan, the Netherlands, United Kingdom and the US. For more information, see our web site at AB (publ) is listed on NASDAQ Stockholm, Small Cap: MYCR. This interim report is a translation of the Swedish version. In the event of any differences between this translation and the Swedish original version, the Swedish version shall have precedence.

Telio delivers 8% growth in EBITDA and announces extraordinary dividend

-          The first and second quarter represented a good start of the year and we follow up in the third quarter with 8% growth in EBITDA compared to the same quarter last year. The Group generates a strong cash flow in line with targets and will therefore propose an extraordinary dividend. After the acquisition of NextGenTel, we announced that we would not be able to pay dividend in 2014, but due to strong performance the company will, including an extraordinary dividend, have paid NOK 3.25 per share in dividend in 2014. The Telio Group is well positioned to achieve its financial targets for 2014, says Eirik Lunde, CEO of Telio Holding ASA. EBITDA for Telio Group was NOK 76.3 million and EBIT was NOK 46.5 million (EBIT adjusted for amortization costs of NOK 9.6 million related to the acquisition of NextGenTel AS). Profit after tax was NOK 24.6 million. NextGenTel In July, NextGenTel announced an agreement with Bofiber AS to acquire the company's 2,000 fiber customers and to cooperate in building out fiber in the Bergen region. This implies that residents in the Bergen region can be part of the roll-out of fiber and have Internet, TV, mobile and broadband telephony services provided by the same vendor, NextGenTel. Furthermore, many of NextGenTel's current customers can be offered fiber and still keep the Internet and other services from the company. Bofiber will provide the fiber infrastructure while NextGenTel will be the customer interface responsible for sales, delivery, customer services and operations. The board proposes extraordinary dividend The board will call for an extraordinary shareholders meeting to propose distribution of an extraordinary dividend of NOK 1.25 per share. Furthermore, the board will ask for a proxy to distribute quarterly dividends going forward. Financial results In the third quarter 2014, the Telio Group achieved revenues of NOK 316.6 million compared to NOK 325.8 million in the year-ago quarter. EBITDA was NOK 76.3 million (24.1% EBITDA margin) compared to NOK 70.4 million (21.6 % EBITDA margin) in the same quarter last year. Operating profit ended at NOK 46.5 million compared to NOK 37.0 million in the third quarter of 2013 (EBITDA and operating profit are adjusted for non-recurring items and EBIT is adjusted for amortization cost related to the acquisition of NextGenTel). (NextGenTel is consolidated in the Telio Group from 1 February 2013.) See financial report and market presentation for Q3 2014 at: For further information, please contact: Mr. Eirik Lunde, CEO                                                           Telephone: +47 23 62 66 88 Mobile: +47 48 09 69 64 Download high definition pictures of CEO Eirik Lunde at E-mail:


July-September 2014 · Gold production 210.9 kg (228.5) or -8 % mainly due to head grade and recovery · Revenues 47.8 MSEK (54.1) or -12 % · Improved EBITDA before unrealized losses on derivatives to 6.9 MSEK (3.8 ) · Profit after tax was -5.5 MSEK (-9.0) · Earnings per share -0.06 SEK (-0.10) · Pampalo OPEX/milled ore tonne decreased by 17 % to 415 SEK (498), Cash Cost below 1,000 USD/oz · Cash flow was 0.8 MSEK (-16.4) and ending cash balance amounted to 34.6 MSEK · The Board of Directors decided on a rights issue totalling approximately 96 MSEK at full subscribtion · The issue is secured to 80 per cent by subscription undertakings and underwriting commitments at which level Nordea Bank Finland has agreed to postpone loan amortizations until 2016-2017 · The issue is subject to approval by the extraordinary general meeting to be held on Oct 30, 2014 January-September 2014 · Gold production 582.6 kg (577.0) or +1 % · Revenues 131.6 MSEK (122.6), + 7 % · EBITDA before unrealized losses on derivatives 8.7 MSEK (-12.2) · Profit after tax -23.5 MSEK (-21.9) · Earnings per share -0.27 SEK (-0.26) Subsequent events · Endomines strengthened its organisation and recruited an Exploration Manager to the Company’s operations at Karelian Gold Line, Finland Production guidance for 2014 · The production guidance for 2014 remains as previously announced and is in line with 2013 gold production (790 kg in 2013) +----------------------+------+-------+-----+-------+-------+------+|Key financial data |July-September| | January-September||-Group | | | |+----------------------+------+-------+-----+-------+-------+------+|MSEK om ej annat anges| 2014| 2013| +/-| 2014| 2013| +/-|+----------------------+------+-------+-----+-------+-------+------+|Revenues | 47.8| 54.1| -6.2| 131.6| 122.6| 8.9|+----------------------+------+-------+-----+-------+-------+------+|Ebitda before | 6.9| 3.8| 3.0| 8.7| -12.2| 20.9||unrealised loss on | | | | | | ||derivatives | | | | | | |+----------------------+------+-------+-----+-------+-------+------+|Ebit | -5.5| -8.4| 2.9| -29.1| -25.0| -4.1|+----------------------+------+-------+-----+-------+-------+------+|Profit before tax | -6.6| -10.9| 4.4| -28.8| -27.3| -1.5|+----------------------+------+-------+-----+-------+-------+------+|Net profit | -5.5| -9.0| 3.5| -23.5| -21.9| -1.7|+----------------------+------+-------+-----+-------+-------+------+|Cash flow | 0.8| -16.4| 17.2| -11.5| 14.0| -25.5|+----------------------+------+-------+-----+-------+-------+------+|Earnings per share | -0.06| -0.10| 0.04| -0.27| -0.26| -0.01||(SEK) | | | | | | |+----------------------+------+-------+-----+-------+-------+------+| | | | | | | |+----------------------+------+-------+-----+-------+-------+------+|Gold production (kg) | 210.9| 228.5|-17.6| 582.6| 577.0| 5.6|+----------------------+------+-------+-----+-------+-------+------+|Gold production (oz) | 6,781| 7,346| -565| 18,732| 18,551| 181|+----------------------+------+-------+-----+-------+-------+------+|Milled ore (tonnes) |95,583| 93,460|2,123|308,137|233,255|74,882|+----------------------+------+-------+-----+-------+-------+------+ Comments to operations Pampalo Gold Production The production for the third quarter 2014 amounted to 210.9 kg gold. Key production figures[1] +------------------+------+------+------+------+-------+-------+------+|Key production | 2 013| 2 013| 2 013| 2 013| 2 014| 2 014| 2 014||figures by quarter| | | | | | | |+------------------+------+------+------+------+-------+-------+------+| | Q1| Q2| Q3| Q4| Q1| Q2| Q3|+------------------+------+------+------+------+-------+-------+------+|Milled ore |58,856|80,939|93,460|96,328|107,866|104,688|95,583||(tonnes) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Head grade (Au | 3.5| 2.3| 3.0| 2.6| 2.0| 2.4| 2.7||gram/tonne) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Gold recovery (%) | 88.4| 86.7| 82.6| 82.8| 81.6| 80.3| 81.6|+------------------+------+------+------+------+-------+-------+------+|Hourly utilization| 88.8| 92.7| 92.7| 87.5| 94.6| 95.7| 93.7||(%) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Gold production | 180.4| 168.1| 228,5| 213.0| 176.0| 195.7| 210.9||(kg) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Gold production | 5,800| 5,405| 7,346| 6,848| 5,659| 6,292| 6,781||(oz) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|LTIFR (12 months | 9| 0| 8| 8| 11| 16| 23||rolling) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Cost per milled | 57| 69| 57| 56| 41| 39| 46||ore tonne (EUR) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Cost per milled | 483| 592| 498| 499| 365| 349| 415||ore tonne (SEK) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Cash Cost (USD/oz)| 1,081| 1,441| 983| 1,351| 1,271| 939| 960||per quarter | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Cash Cost (USD/oz)| 745| 954| 998| 1,197| 1,243| 1,130| 1,127||rolling 12 months | | | | | | | |+------------------+------+------+------+------+-------+-------+------+|Gold price | 1,631| 1,415| 1,326| 1,273| 1,293| 1,289| 1,284||(USD/oz) | | | | | | | |+------------------+------+------+------+------+-------+-------+------+ Definitions:LTIFR, see[2],   Cash Cost, see[3] The milled tonnage for the third quarter exceeded 95,000 tonnes and the plant utilization was a high 93.7%. The production cost per milled ore tonne amounted to 415 SEK or 46 EUR which was in line with recent previous periods. Cash cost for the third quarter was below 1,000 USD/oz and amounted to 960 USD/oz, which contributed to the positive EBITDA in the third quarter. Cost reduction and increased efficiency program continues Early 2014 the Board made the decision to start co-operation negotiations in order to carry out cost reduction initiatives and improve overall efficiency at Pampalo operations. During the third quarter the cost reduction and efficiency improvements have continued, although total operational cost has increased to some extent mainly due to increased activity at Rämepuro satellite mine. The cost reductions are partially due to reduced activities, e.g. drifting, in the Pampalo underground mine. Increased lower cost open pit mining tonnage has also contributed. To secure future operations in the Pampalo underground mine, the Company expects that underground drifting in the Pampalo mine must be accelerated during fourth quarter of 2014. This will increase both total and unit operating costs, but is deemed to be necessary for long term operations. Rämepuro satellite mine operations The Company’s first satellite mine Rämepuro has been in full scale production since early summer 2014. Operations have progressed as planned and scheduled. Regional exploration Exploration drilling and other green field exploration works at Korvilansuo area and other regional targets have been suspended. After the reporting period the company has recruited an exploration manager M.Sc. Jyrki Bergström and the Company will restart its regional exploration as soon as the financing of the exploration activities is secured. Health and Safety One accident happened during the third quarter to an employee. The Company’s safety performance has unfortunately deteriorated to the normal level of the industry and overall “LTIFR” rate is 23. The Company policy is a safety target of “zero accidents – zero harm” and a campaign to improve the “LTIFR” has been initiated. Personnel At the end of the September the total number of personnel was 69 employees of which three persons remains laid off.   The contractors working at the mine sites in Pampalo and Rämepuro had 37  employees. Rights issue of units 2014 In September the Board of Directors of Endomines AB decided (subject to the approval by an extraordinary general meeting that is to be held on October 30, 2014) on a rights issue of units consisting of shares and warrants (the "Issue"), totalling approximately MSEK 96.1. The Issue is secured to 80 per cent by subscription undertakings and underwriting commitments. Endomines has continued the exploration activities at the Pampalo mine and in its vicinity. The Company’s objective is to increase the knowledge of the mineralizations in the deeper parts of the Pampalo mine and in the potential open pits nearby. The Company has also commenced mining operations at Rämepuro and intends to start mine production at Hosko in 2015 and to prepare for other satellite mines along the Karelian Gold Line. However, this will require additional capital. The proceeds from the Issue shall, besides a strengthening of the Company's liquidity and financial base, be utilized for continued exploration and development of the operations. A continued exploration is needed in order to extend the operational period of the Pampalo plant and mine with nearby situated deposits, as well as to secure the conversion of mineral resources to mineral reserves in order to be able to open new mines and thus create increased production along the Karelian Gold Line. The Issue is subject to approval by the extraordinary general meeting in Endomines. The extraordinary general meeting will be held on October 30, 2014 at 17:00 at Erik Penser Bankaktiebolag's office, Biblioteksgatan 9 in Stockholm. The Company has in connection with the Offering entered into subscription undertakings and underwriting commitments with existing shareholders and external parties amounting to 76.9 MSEK or 80.0 per cent of the total Issue. Subsequent events Endomines strengthened its organisation and recruited an Exploration Manager to the Company’s operations at Karelian Gold Line, Finland. Outlook for 2014 The production guidance for 2014 is in line with 2013 gold production (790 kg in 2013). Total operating cost is expected to increase due to increased activity at the mine sites. For further information, please contact:Markus EkbergCEO of Endomines ABtel. +358 40 706 48 50 or visit the Company´s home page: Endomines AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 08:45 CET on October 28th. 2014. About Endomines AB Endomines is conducting exploration as well as mining activities along the 40 kilometer extended Karelian Gold Line. Endomines is controlling, based on decisions from relevant authorities, the exploration rights for the entire area. The Company´s first mine, Pampalo, was started in February 2011. During 2014 production from the open pit at Rämepuro was commenced and the Company is now planning to start mining of the gold deposit at Hosko. The ore from Hosko, as for Rämepuro ore, will be treated at Pampalo mill, at the center of the Karelian Gold Line. The Company operates under a regime of sustainable principles and with a business practice to minimize the impact to the environment. Endomines applies SveMin's & FinnMin's respective rules for reporting (public mining & exploration companies). The Company has chosen to report mineral resources and ore reserves according to the JORC-code, which is the internationally accepted Australasian code for reporting ore reserves and mineral resources. Endomines vision is to participate in the future structural transformation and consolidation of the Nordic mining industry. The Company may therefore be involved in acquisitions of interesting deposits or companies, should such opportunities arise. The shares of Endomines AB are quoted on NASDAQ Stockholm under ticker ENDO and on NASDAQ Helsinki under ticker ENDOM. Pareto Securities acts as Liquidity Provider in Stockholm. ________________________________________________________________________________ This news release may contain forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds, the timing and content of work programs, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, project cost overruns or unanticipated costs and expenses, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and as such undue reliance should not be placed on forward-looking statements. [1] Production figures for the current quarter 2014 are partly based on company own assaying and not confirmed by external laboratories. Figures are individually rounded off.[2] LTIFR = The Lost Time Injury Frequency Rate is based on reported lost time injuries on a rolling 12-month bases resulting in one day/shift or more off work per 1,000,000 hours worked. LTIFR has been calculated for the whole company including contractors.[3] Endomines calculates "Cash cost" per ounce figures using the guidance issued by The Gold Institute Production Cost Standard. Mining, ore processing and site administration and off-site smelting and refining costs are included to the “cash cost” but amortization, reclamation, capital and exploration costs are excluded, i.e. “Cash Cost” is calculated per payable ounces. “Cash Cost” figure is furnished to provide additional information and is a non-IFRS measure. Conversion from EUR to USD made by average rate for the period EUR/USD.  (http://#_ftnref1)

Totem Marketing appointed by South East’s Leading College Campus

One of the country’s largest colleges has appointed Totem Marketing to help students, parents and staff navigate around their campus in a brand new, strategic and easy way. Collingwood College in Camberley, Surrey, is one of the South West’s largest and most successful educational establishments, with a passion for nurturing their pupils to succeed. Totem recently gave the campus a fresh and colourful revamp to their navigational, directional and information services - to guarantee that everyone could easily find their way around the College Academy site. Totem Marketing ( excels in providing coherent marketing messages, having worked with brands like The O2, B&Q, Cable and Wireless and through their Totem for Schools division has delivered strategic direction for a host of schools and colleges in the South. The project at Collingwood College is part of a strategic development programme, commissioned by the customer; to further communicate and educate the local community as to the amazing amount of “talent nurturing” exists within their College. Totem used their strategic approach to help introduce new signage, a colour-coded number solution to different locations – similar to the kind of easy-on-the-eye maps your get at theme parks. Supporting the new signage and campus map, Totem developed a selection of new college brochures with location information, to further increase the drive on awareness of the College’s many successes. Derek Owen, Managing Director of Totem says, “We went into Collingwood with an open mind and expertise from the retail sector and found a number of areas where past experience and new ideas were developed for the College in order to improve overall site operations. The College is already incredibly successful in its own right, and by working together, our initial programme has been to help enhance their establishment “look and feel” and accessibility to ensure it’s one of the best places to study in the South East.” Karen Griffiths, Co-Principal at Collingwood College says, “We’re one of the largest colleges in the region, accommodating a multitude of courses and hundreds of students. Of course, the result of this is to ensure our pupils, parents and staff can navigate our campus, easily and effectively. We decided to use Totem’s strategy and communications services to help improve our campus, and they’ve delivered fantastically. We now have excellent signage across the site and a selection of mini brochures and campus maps that we can distribute to students, parents, visitors and the local community.” Eden Tanner, Co-Principal at Collingwood College says, “We had a lot to achieve in such a short space of time, and over the summer holidays. However this was not an issue for the Totem team, who delivered right on time for our new Year 7 starters.” With a campus spanning 40 acres of land, six major office locations, three sports gyms, three separate receptions and over a third of the site dedicated to playgrounds and fields, Totem had to use all of their design and communications knowledge to help present the College in an easily navigable campus strategy. A new set of brand guidelines were created, along with brand usage guidelines for the navigational, directional and area signage. This was supported by the creation of a brand new campus map which is seen the moment one walks into the updated main Reception. Totem specialises in strategic projects like this one. Their team is well versed in the art of communications and marketing and know that excellent design, application and strategy is the way to get across any message. This is just one way in which Totem is helping Collingwood College achieve their longer term goals. For more information about Totem or the Collingwood College project, visit the website:

RaySearch receives FDA clearance for RayStation 4.5 featuring ultrafast and robust optimization

RaySearch Laboratories AB (publ) has received 510(k) clearance from the FDA for version 4.5 of its treatment planning system RayStation®. The new version includes a wide range of new features that will help cancer centers improve their treatment planning process and also enable them to take adaptive planning a step further. For example RayStation® 4.5 offers ultrafast and robust optimization for proton and photon treatments, boosted dose calculation, automated breast planning and biomechanical deformable registration using the unique MORFEUS technology. The ultrafast multi-purpose optimization engine in RayStation®, rayOptimizer, can solve virtually any posed optimization problem within radiation therapy using all degrees of freedom of the treatment unit. In the 4.5 version, the robust algorithm can take density and patient setup uncertainties into account. This gives the clinicians a structured tool to handle safety margins more efficiently in the planning process which has the potential to further increase the plan quality. RayStation’s unrivalled speed of optimization and dose computation has also been improved even further in the new version. The dose calculation algorithms have been rewritten entirely and every step in the process has been optimized to improve computation speed. The new version also includes support for optimization and dose computation using the GPU which lets the user benefit from the latest developments in computer technology as well. Together these improvements lead to extremely fast computation speeds. Optimization and clinical dose computation for a standard prostate IMRT case is done in less than ten seconds and even for a more complex 9-beam IMRT head and neck case on a high resolution 2mm dose grid, the optimization and dose computation are executed in approximately 30 seconds. RayStation® 4.5 includes a major step forward in the field of automated treatment planning. The new rayAutoBreast module provides tools for automated generation of tangential breast IMRT plans using heuristic optimization and includes features such as: · Automatic detection of radio-opaque markers defining the breast · Automatic contouring of all the relevant target and risk organs · Automatic setup of beams, including heuristic optimization of gantry and collimator angles · Automatic creation of objective functions, optimization and segmentation settings and clinical goals rayAutoBreast was initially developed at the Princess Margaret Hospital (PMH) in Toronto, Canada. Between 2009 and 2012, PMH ran a large-scale clinical study to evaluate the performance of their automated treatment planning methodology for tangential breast intensity modulated radiation therapy (IMRT). Automated planning was used for 97 percent of the patients receiving tangential breast IMRT during the time interval studied i.e. in 1661 patients. The study results showed an increase in clinical acceptance using this fully automated method. PMH concluded that the method can add tremendous efficiency, standardization, and quality to the current treatment planning process and that its use will allow faster adoption of IMRT together with increased access to care improvements for breast cancer patients. RaySearch and PMH also collaborate in adaptive radiation therapy and a new feature in RayStation® 4.5 is the MORFEUS technology initially developed by PMH. The unique MORFEUS technology contains a set of algorithms for deformable image registration based on biomechanical modeling of anatomical structures. This makes it possible to track how the radiation dose is delivered to the patient taking into account changes occurring in the patient’s anatomy over the course of treatment. This information can be used to further refine the treatment which has the potential to increase tumor control as well as reduce the risk for side effects. The development and extensive validation of MORFEUS has been documented in several publications in renowned scientific journals. This know-how is now incorporated in RayStation® and enables cancer centers to take adaptive planning a step further. The advanced biomechanical modeling in MORFEUS incorporates not only the material properties of various anatomical structures, but also how they interact and affect each other. Examples include the sliding interface between the lung and the chest, and structural impact of bronchial tree in the lungs. “RayStation® 4.5 is a big step forward in our quest to provide a tool that lets the clinicians focus all their skill and experience on evaluating and refining plan quality. The number of menial repetitive tasks is minimized with our tools for automated planning, and in this release we have achieved game-changing computation speed that I think will revolutionize the whole treatment planning work process. As the computation time is measured in seconds rather than minutes, the user can efficiently create and refine the treatment plans in one sweep instead of opening a second case or going on a break during computations. This is a huge improvement for the clinics that I believe ultimately will lead to better treatment plans as the clinicians will be able to test more options to further tweak the treatments for higher quality”, says Johan Löf, CEO of RaySearch. About RayStation®RayStation® integrates all RaySearch’s advanced treatment planning solutions into a flexible treatment planning system. It combines unique features such as multi-criteria optimization tools with full support for 4D adaptive radiation therapy. It also includes functionality such as RaySearch’s market-leading algorithms for IMRT and VMAT optimization and highly accurate dose engines for photon, electron and proton therapy. The system is built on the latest software architecture and has a graphical user interface offering state-of-the-art usability. About RaySearchRaySearch Laboratories is a medical technology company that develops advanced software solutions for improved radiation therapy of cancer. RaySearch provides the RayStation® treatment planning system to clinics all over the world. In addition, RaySearch’s products are distributed through licensing agreements with leading partners such as Philips, Nucletron, IBA, Varian and Brainlab. To date, 15 products have been launched via partners and RaySearch’s software is used by over 2,500 clinics in more than 65 countries. RaySearch was founded in 2000 as a spin-off from the Karolinska Institute in Stockholm and the company is listed in the Small Cap segment on NASDAQ OMX Stockholm. For more information about RaySearch, visit For further information, please contact:Johan Löf, President and CEO, RaySearch Laboratories AB (publ)Telephone: +46 (0)8-545 061

Martha’s BakeOff for Children in Need

Great British BakeOff Quarter Finalist Martha Collison has teamed with her school catering company Cucina Restaurants to raise money for Children In Need in 47 schools across the UK. The Year 13 student from Charters School in Sunningdale Berkshire has designed five of her own cakes and goodies which will be baked and served to more than 50,000 school students at Cucina school restaurants across England, with 10p from every sale going to Children in Need. Recipes for the creations are to be sold separately at 20p each, with all money going to the charity. Commenting on the project,  Martha said: “It was great to bake with the chefs at Cucina for such a brilliant cause as Children in Need. I’ve had a fantastic time.” Cucina Executive Chef Andy Wilcock said: “We are really pleased to be working with Martha for Children in Need. Cucina will be baking a different Martha cake or biscuit every day, for a week of treats. We’re expecting to raise lots of money for the cause.” “It’s been a pleasure working with Martha - she really stood out on the Bake Off with her love of food as well as her willingness to take risks and try new things. She is a very inspirational young woman with a fantastic future ahead of her.” Martha’s five creations for the special week are: Sticky Toffee Cupcakes, Raspberry and White Chocolate Blondies, Lemon Drizzle Cupcakes, Salted Caramel Brownies and Smartie Cookies. (Pictured, left to right: Year 13 student Martha Collison, Mr Andy Wilcock – Cucina Executive Chef, Year 9 students Ben Wooldridge and Ollie Hand, Year 7 student Camille Laine, Mr Martyn Parker Co-Head at Charters and Year 7 student Eloise Morrison) Notes for Editors · At 17 years old, Martha Collison is the youngest person ever to appear as a contestant on BBC’s ‘Great British Bake Off’, where she reached the quarter finals. · Cucina Restaurants is a national secondary school caterer at the forefront of school food. Its recent parnership with celebrity chef Phil Howard brought Michelin Star food to secondary school students around the country · Cucina operates proper restaurants in all of its school contracts, serving a wide range of dishes from local and ethically sourced ingredients 

Spencer Paul To Exhibit At The London Golf Show

Spencer Paul ( continues to make its mark on the British golf wear scene with the announcement that it will be exhibiting at the upcoming 10th annual London Golf Show. The event is scheduled for November 14-16 2014 and will be held at Glow Bluewater, a dynamic, purpose-built events venue located just 20 miles from the heart of London. The boutique British brand is set to smarten up the event with its exclusive collection of premium quality links and lifestyle wear designed for the contemporary golfing enthusiast. Ian Spencer, Co-Founder at Spencer Paul said, “2014 has been an incredible year for Spencer Paul. Not only did we launch the brand but we’ve also built up an impressive client base, signed deals with external stockists and now, confirmed a stand at the 10th annual London Golf Show. We are proud to exhibit alongside the biggest names in the business and can’t wait to show off our designs to this year’s attendees.” The London Golf Show is the industry’s biggest event and offers exclusive interactive experiences for golfers of all ages and skills. Once inside, attendees enjoy access to expert advice, free PGA tuition, club testing, custom fitting, play simulators, celebrity appearances and a colossal indoor driving range. The event will also be peppered with handpicked exhibitors showcasing all the latest in golf gadgets, accessories and fashion. Spencer Paul is one of these commendable brands and will be exhibiting alongside the likes of golfing’s long established industry greats. Despite having less than a year of retail experience under its belt, Spencer Paul has already created quite a buzz in the golf and lifestyle clothing sphere. The cutting edge designs blend up-to-the-minute styles with classic influences to create a collection that looks at home on the course, the club house, casual Fridays and beyond. Flagship products include a range of 100% cotton polo shirts as well as knitwear crafted using the finest quality pure merino wool. The modern cuts are designed to flatter while an emphasis on quality manufacturing ensures that every garment is an investment that will maintain its value for seasons to come. The London Golf Show is currently offering advance ticket deals for just £11.50 each. Double tickets cost £18.00 while six tickets qualify for a group discount of £48. Door tickets will cost £15 while those wishing to enter on Friday after 3pm or Saturday and Sunday after 2pm will enjoy entry for just £7.50. Tickets are available online via the London Golf Show ( website. Purchases can also be confirmed via phone or mail. To find out more about Spencer Paul and shop the complete collection of top quality golf and lifestyle clothing, visit the website at: Facebook: Twitter:

Balder´s Nomination Committee ahead of Annual General Meeting 2015

Balder’s annual general meeting on 7 May 2014, resolved that the nomination committee should be composed of one representative for each of the two largest owners or ownership spheres, together with Lars Rasin, who represents the other shareholders. The names of the other two members and the owners they represent, shall be published not later than six months before the annual general meeting 2015 and shall be based on the known ownership immediately prior to publication. In accordance with the resolution, the following nomination committee has been established, based on the ownership as of 30 September 2014 and known changes thereafter:   Lars Rasin, chairmanChristian Hahne, representing Erik Selin Fastigheter ABRikard Svensson, representing Arvid Svensson Invest AB  Shareholders who wish to contact the nomination committee may do so via e-mail to For further information, please contactCEO Erik Selin, tel. +46 706 074 790 orCFO Magnus Björndahl, tel. +46 735 582 929. Fastighets AB Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 28 October 2014 at 14.00 CET. Fastighets AB Balder (publ)PO Box 53121, 400 15 GothenburgTel. +46 31 10 95 70Corporate Identity No. 556525-6905, Registered office Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder’s real estate portfolio had a value of SEK 33.7 billion as of 30 June 2014. The Balder share is listed on NASDAQ OMX Stockholm, Mid Cap.

More Than 20 Patheon Scientists to Present at AAPS Annual Meeting

Patheon (, the pharmaceutical services business owned by DPx Holdings B.V., and Banner Life Sciences will have more than 20 scientific posters presented at the AAPS Annual Meeting and Exposition from Sunday, Nov. 2, to Thursday, Nov. 6, in San Diego, Calif. In addition to the more than 20 Patheon and Banner Life Sciences experts presenting posters, Anil Kane, Ph.D., MBA, Executive Director, Global Formulation Sciences, PDS at Patheon, and Bill Weiser, Ph.D., Global Head, PDS Analytical Sciences at Patheon, will give a corporate presentation focusing on “Solving Challenges from Discovery to Commercial Manufacturing of Drug Substance and Drug Products” on Tuesday, Nov. 4, 1 p.m. to 1:15 p.m. in the Corporate Presentation Theatre. A complete listing of all posters Patheon and Banner Life Sciences will be presenting at AAPS follows. Monday, Nov. 3, 1:30 p.m. to 5 p.m. poster sessions: · Development of a Dissolution Test Method for Ibuprofen Soft Gelatin Capsules with a Lipid Based Formulation by Ad Bernaerts, Patheon · Development and Qualification of a USP Apparatus 4 Tier II Method Using Formaldehyde Cross-Linked Soft Gelatin Capsules by Mae Cruz, Banner Life Sciences · Development of a Two Step Pre-Treatment Tier 2 Apparatus 2 Dissolution Method for a Cross-linked Soft Gelatin Capsule Containing Hydrophilic PEG Fill by Mae Cruz, Banner Life Sciences · Strategies for Improving the Extraction of Tertiary Amines Formulated with Ionic Excipients by Maureen McLaughlin, Patheon Tuesday, Nov. 4, 9:30 a.m. to 12:30 p.m. poster sessions: · An Easy Technique of Top Spray Granulation to Formulate a Compound with High Drug Load and Water Content by Amol Kheur, Patheon · Correlation between Lyophilisation Cycle Parameters and Cake Morphology in a Biosimilar Product by Christian Abbati, Patheon · Application of Enteric/Colonic Polymer Coating on Non-banded Size M Mouse Capsules Containing Immediate and Delayed/Sustained Release Formulations Using Model Compound Ibuprofen by Ian McIntosh, Patheon · Softgel Capsules Imbedded with Micro Covert Marker for Anticounterfeiting Applications by Qi Fang, Banner Life Sciences Tuesday, Nov. 4, 1:30 p.m. to 5 p.m. posters session: · Assessing Disintegration of Softgel Formulations in the Gastric Compartment: Correlation Between Innovative In Vitro Test Through Dynamic Gastric Modelling and In Vivo Evaluation by Helena Teles, Patheon · Effect of Aldehyde Level and Drug Particle Size on Dissolution Performance of Soft Gelatin Capsules by Mervin Williams, Jr., Banner Life Sciences · Solubilization of Progesterone Enhanced Bioavailability in Male Beagle Dogs by Peijin Zhang, Banner Life Sciences Wednesday, Nov. 5, 9:30 a.m. to 12:30 p.m. posters session: · Formulation of Control Release Orally Disintegrating Tablets of Water Soluble Compounds by Arasu Kondappan, Patheon · Liquid Filled Gelatin Hard Shell Capsule Physical Stability Study by Haibo Wang, Patheon · Assay and Identification of Sylibin (Sylibin A and B) in Softgels® by Liquid Chromatography by Maria Isabel Morales, Banner Life Sciences · Roller Compaction Process Design of Experiments: Small Scale Modeling of a Fixed Dose Combination Product to Facilitate Scale Up and Commercialization by Kimberley Pineau, Patheon · Design of a Controlled Release SEDDS for a Poorly Soluble Drug in a Soft Gelatin Based Dosage Form by Saujanya Gosangari, Banner Life Sciences · Small Scale Process Design to Facilitate Commercialization of a Wet Granulation Process Using Continuous Manufacturing by Stephen Closs, Patheon · QbD Approach to the Development of Extended Release Matrix by Yunhua Hu, Banner Life Sciences Thursday, Nov. 6, 8:30 a.m. to 11:30 a.m. posters session: · Impact of Different Antioxidants in the Chemical Stability of a Complex Mixture Containing Vitamins, Minerals and Docosahexaenoic Acid (DHA) Suitable for Soft Gelatin Capsules by Adrian Callejas, Banner Life Sciences · Impact of Mixing Shaft on Oxidation of Formulated Solution of L-Lactic Acid Salt for a Sterile Freeze-Dried Solid by Guendalina Rapone, Patheon · Utilization of SoluPath to Provide Data-Driven Choices in Preclinical Formulation Development by Paul Sabo, Patheon · An Alternate Approach for the Determination of Method Accuracy during the Validation of Karl Fischer Titration Methods by Stanley Wu, Patheon

Sandvik Materials Technology reaches an agreement to divest its power spring business in US and Mexico

Sandvik Materials Technology is divesting its power spring business in Scranton, US and Nogales, Mexico to Lesjöfors AB, a subsidiary of Beijer Alma. The divested operation is a leading manufacturer of power spring solutions for a wide range of customer applications in consumer, industrial, construction and medical environments. Invoiced sales for the business concerned amounted to about 15 million USD in 2013 and the total number of employees encompassed is approximately 60, of which 40 in the US and 20 subcontracted employees in Mexico. Currently, they form part of the Strip, Wire and Heating Technology product area at Sandvik Materials Technology. The divested operation involves a limited linkage to the rest of the business area and the raw material is sourced externally. Lesjöfors AB is a Sweden-based international manufacturer of industrial springs, wire and flat strip components. Lesjöfors is a subsidiary of Beijer Alma AB and operates from 21 manufacturing units in ten countries following the acquisition. “This divestment is in line with Sandvik Materials Technology’s strategy to focus more towards the energy segment and applications related to energy efficiency, and exit businesses considered non-core. We are continuously developing our product portfolio towards even more advanced products and materials for the most demanding industries.”, says Petra Einarsson, President of Sandvik Materials Technology. The transaction is expected to be finalized by 31 December 2014.Stockholm, 28 October 2014 For further information contact: Ann-Sofie Nordh, Investor Relations, Sandvik AB,  tel +46 8 456 14 94 or Jessica Alm, Executive Vice President Group Communications, Sandvik AB, tel +46 8 456 12 88. 

Medivir Nomination Committee appointed

Stockholm, Sweden — Medivir AB (Nasdaq Stockholm: MVIR) announced that its Nomination Committee has been appointed. According to an AGM resolution, the Nomination Committee for the Annual General Meeting 2015 should consist of representatives for the three largest ranked shareholders, as of the end of the third quarter of 2014, who desire to participate in the Nomination Committee and the Chairman of the Board. Work on composing the Nomination Committee is now completed, and this year’s Nomination Committee consists of: Bo Öberg, founder and A-shareholder, (Bo Öberg represents through an agreement also the other A- shareholders, Nils Gunnar Johansson and Christer Sahlberg), Maria Rengefors, Nordea Fonder, Anders Algotsson, AFA Försäkring, and Birgitta Stymne Göransson, Chairman of the Board, Medivir AB. Shareholders that wish to contact the Nomination Committee can do so by writing to; Nomination Committee, Medivir AB, Blasieholmsgatan 2, SE-111 48 Stockholm, Sweden, or via e-mail to; For more information please contact:Rein Piir, EVP Corporate Affairs & IR, mobile: +46 708 537 292. About MedivirMedivir is an emerging and profitable research‐based pharmaceutical company with an established marketing and sales organisation in the Nordic region with a broad portfolio of prescription pharmaceuticals.Medivir receives royalties from Johnson & Johnson on the global sales of the hepatitis C pharmaceutical, Olysio®. In addition, revenues for sales of Olysio in the Nordic region are generated through the company’s own sales and marketing organisation. Medivir’s research and development portfolio of pharmaceuticals is based on the company’s expertise within protease inhibitor design and nucleoside/nucleotide science. The company’s research and development focus is within infectious diseases and oncology and the on-going clinical projects in osteoarthritis and neuropathic pain.Medivir is listed on the Nasdaq Stockholm Mid Cap List.

Strong earnings and high margin

“Our streamlining work and profitability focus has been fruitful. Despite the slightly lower sales, the Group’s operating margin is one whole percentage point higher compared to last year. At the same time we have completed new production capacity in China, Hungary and Malaysia for future growth,” says CEO Hans Porat. Nolato’s business model is based on a close, long-term and innovative collaboration that creates added value for both customers and shareholders. The strategic work of recent years has resulted in, among other things, market positions moving forward. “With a strong financial position, we have the prerequisites to invest in both organic and acquired growth within Nolato Medical, while we will grow with large selected customers in northern and central Europe within Nolato Industrial. Within Nolato Telecom we are continuing to strengthen our niche position with good profitability through technically advanced solutions and continued investments in electromagnetic shielding, EMC,” says Hans Porat. At the end of the third quarter, the equity/assets ratio amounted to 50% (45) and the net financial debt to SEK 43 million (75). ---------For further information, please contact:Hans Porat, President and CEO, +46 705 517550Per-Ola Holmström, CFO, +46 705 763340 Nolato is a Swedish group operating in Europe, Asia and North America. Sales in 2013 amounted to SEK 4.5 billion. We develop and manufacture products made from polymer materials such as plastic, silicone and TPE for leading customers in medical technology, pharmaceuticals, telecoms, automotive, hygiene and other selected industrial sectors. Nolato shares are listed on Nasdaq Stockholm, where Nolato is a Mid Cap company in the Industrials sector. The information is such which Nolato AB is obliged to disclose under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was made public on 28 October 2014 at 2.30 pm.

Beijer Alma’s subsidiary Lesjöfors completes acquisition in the US

The acquired business, which operates plants in both the US and Mexico, is a leader in the specialty area of power springs. The company’s principal market is the NAFTA zone – the free trade area encompassing the US, Canada and Mexico – which accounts for slightly more than 90 percent of its sales. “This acquisition marks a milestone for Lesjöfors and Beijer Alma. Lesjöfors has been undergoing profitable expansion for a number of years, not only in the Nordic region but also across Europe and Asia. We are now crossing the Atlantic and further boosting the company’s growth by entering this major market for springs,” says Bertil Persson, President and CEO of Beijer Alma.  Construction and engineering sector dominatesMost of the company’s manufacturing focuses on custom-designed springs. The company’s products are used in a range of consumer and industrial products, as well as in the construction and engineering sector, which represents its largest customer segment. “This acquisition has strengthened our presence in the US spring market and will provide us with the scope for further expansion in North and South America,” says Kjell-Arne Lindbäck, President and CEO of Lesjöfors AB. “It has also strengthened our offering in the area of power springs, which will benefit our companies with operations in Europe and Asia,” he continues. “The acquisition will also open the door to attractive sales opportunities for Lesjöfors’s other spring products in the US market.” The company, whose US operations were established in 1926, has its headquarters and US plant in Scranton, Pennsylvania. The plant in Nogales, Mexico, was established in 1989 and currently accounts for about 70 percent of the company’s manufacturing volume. The company has approximately 60 employees and revenue about MSEK 100 (MUSD 15). The operations have historically displayed favorable profitability and a strong business trend. Following the acquisition, Lesjöfors now has 21 manufacturing units in ten countries. The transaction was conducted as an asset-transfer acquisition. Further information:President and CEO Bertil Persson, Beijer Alma AB, tel: +46 (0)8-506 427 50President and CEO Kjell-Arne Lindbäck, Lesjöfors AB, tel: +46 (0)70-574 99 94 Beijer Alma AB (publ) is an international industrial group that focuses on component production and industrial supplies. The Group includes Lesjöfors, one of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables and Beijer Tech with strong positions in industrial supplies in the Nordic region. Beijer Alma is listed on the NASDAQ OMX Stockholm Mid Cap list. Lesjöfors is one of Europe’s largest spring manufacturers and has the broadest product range in the market. During 2013, the company reported sales of SEK 1.7 billion and had 1,400 employees. Lesjöfors has operations in Sweden, Norway, Finland, Denmark, the UK, Germany, Slovakia, Latvia, Russia, China and Korea.

Live Longer, Live Well

International scientists, including Liverpool John Moores University’s Dr Graeme Close and Professor Claire Stewart , met politicians and philanthropists at the House of Lords on 27 October to discuss how research into the biology of ageing can make healthy old age a reality for millions. Representing the British Society for Research on Ageing (BSRA), Dr Close and Professor Stewart raised the profile of this research which is linked to LJMU’s Research Institute for Sport and Exercise Sciences (RISES). While leading scientists agree that ageing research has now reached the point that potential treatments for many of the problems of later life are becoming available, current national policies have largely failed to recognise the importance of ageing research in preventing disease and increasing ‘health span’. Dr Close is a Sports Nutrition Consultant, Reader and Research Scientist who has conducted extensive research into age-related loss of muscle mass and function and ageing athletes. His research will bring in the sports science element of making healthy ageing a medical reality. He commented on the sports science input: “It is important to bring academic research to the forefront of national policy and make it open to public engagement.  Research taking place at universities has a massive impact on how we live and my role was to talk specifically about the crucial part that exercise and nutrient can play in delaying are-related muscle frailty. “At the moment, I believe that exercise and nutrition are our best weapon although the precise prescription of this for our ageing population still requires significant investigation. If we can maintain muscle function as we age we help to maintain independence allowing us to continue to enjoy everyday tasks. We also reduce the chance of falls and hip fracture, two major problems that we now must face as an ageing society.” Professor Stewart is a Stem Cell Biologist who has conducted extensive research into the mechanisms underpinning loss of muscle mass and function with age and disease. Her research, focuses from the cell and molecular to human studies aims to increase health span, by reducing the negative  impact of muscle loss on functional ability and ultimately on quality of life. She commented: "In an era where populations are ageing, we need to ensure that we are ageing well. A better understanding of the mechanisms underpinning muscle loss and therefore declining functional capacity will enable targeted interventions, including exercise and nutrition, to prolong a healthy older life. The goal of he BSRA, to raise funds to underpin research on ageing, will facilitate cross disciplinary, interventional studies by some of the brightest young researchers of our time - a key requirement in promoting lifelong health and wellbeing." At the event, the Glenn Foundation for Medical Research granted an award to the BSRA (worth $60,000), the first time in their history that an award had been given to an organisation, rather than an individual.  On making the first donation, Mark R. Collins President of the Glenn Foundation said: “It is a privilege to support the British Society for Research on Ageing in its efforts to extend the healthy years of life. We are confident that British donors will join us in supporting this important initiative.” Professor Richard Faragher, of the BSRA said: “Good health is key to a happy old age. The science of ageing has reached a point at which small amounts of carefully targeted funding will yield great social returns. The time to act is now.”  Notes to the editor: Dr Graeme Close can be contacted for interviews on: 07976 905 777 or via Professor Claire Stewart on 0151 904 6244 or  About the BSRA: The British Society for Research on Ageing (BSRA) promotes research which aims primarily at achieving healthy old age accompanied by improved longevity. It publishes a journal called Biogerontology. Website: About the Glenn Foundation for Medical Research: The Glenn Foundation for Medical Research was founded in 1965 by Paul F. Glenn to extend the healthy productive years of life through research on the mechanisms of biological ageing. Website: About the American Federation for Ageing Research (AFAR): AFAR has supported the science of healthier ageing since its foundation in 1981. AFAR has played a major role in advancing knowledge of ageing and mechanisms of age-related disease by providing grants to more than 2,800 talented scientists. Website: Presentations from the event can be found at Twitter: @B_S_R_A #livelongerlivewell

Midshires Scoops Up Prestigious Industry Award At NYC Ceremony

The UK’s leading independent electrical retailer is in full scale celebration mode after winning the coveted MIDA Electrical Wholesaler of the Year award. Midshires Electircal & Lighting Ltd ( was presented with the award at the official MIDA awards ceremony held in New York City earlier this month. The recognition is a fantastic achievement for the wholesale company which has been lighting up Britain since its establishment back in 2003. Steve Newburn, MIDA MD was on hand to present the illustrious award to Managing Director Ben Fountain and Operations Director Mark Lyon. The pair was delighted to shake hands with Mr Newburn and accept official recognition from one of the electrical industry’s most formidable names. Lyon said, “Since 2003 we have grown from a humble start up into one of the UK’s principal electrical wholesalers. The award symbolises the sheer scope of our company growth and will serve as a reminder for Midshires to uphold its commitment to quality, value for money and customer care. We’re looking at the award not as a culmination of success but as an incentive to keep pushing the boundaries of excellence.” According to MIDA the Electrical Wholesaler of the Year award is issued to an enterprise that demonstrates professionalism, dynamics and successful company growth. During its time as a proud MIDA member Midshires has gone above and beyond these requirements. The company is renowned for its continuous positive contribution to the buying group and is an invaluable asset to MIDA’s multimillion pound enterprise.     While Midshires directors officially accepted the award Fountain and Lyon stress that the recognition is a companywide achievement. Together, the Midshires team bring a combined 100 years of industry experience to the company covering a diverse range of areas. This unrivalled expertise allows them to provide electrical and lighting services to all manner of customers. Current clients include large to medium sized commercial electrical contractors, domestic suppliers, developers, utilities companies, educational institutions, shopping centres, shop fitters, hospitals, factories and distribution warehouses.  Fountain says, “Stepping up onto the stage and accepting the award from Steve Newburn was an incredibly proud moment for myself, my employees and the company as a whole. We work tirelessly to exceed excellence and to receive recognition for our efforts means the world.” As well as recognising outstanding industry achievements the Main Gala evening also marked MIDA’s 30 year anniversary and celebrated its status as one of the UK’s largest international buying groups of independent electrical wholesalers. To find out more about Midshires Electircal & Lighting Ltd and browse the extensive range of products, visit the website at: Facebook: Twitter:

Building a better world for people with psoriasis

(Stockholm, October 29, 2014)Today, on World Psoriasis Day, the International Federation of Psoriasis Associations, IFPA, brings attention to the tools respondents from 90 countries have identified to help build a better world for people with psoriasis, by participating in an online survey launched in June. The preliminary results of the survey show a clear consensus – the top tool voted for is “Educating the patients about treatment options”. Lars Ettarp, President of IFPA, comments:“Today, patients wish to be well-informed about treatment options, especially when they have a chronic condition such as psoriasis, so that they can make important decisions regarding their disease management and care together with their doctors. An informed patient is an empowered patient, and clearly this specific type of information is something that IFPA and its regional and national member associations must continue to focus on and develop even further in their future strategic work. The WHO psoriasis resolution, which was extensively advocated for by IFPA and its members, points out the need for ‘multilateral efforts to promote and improve human health, providing access to treatment and health care education’, so this should definitely be a priority.” Psoriasis is a serious, chronic, inflammatory, non-communicable disease for which there is currently no cure. According to an official WHO report on psoriasis, the disease affects around 2 percent of the global population, with an even higher prevalence in some countries. Yet, even though it is a quite common disease which also carries with it an extensive physical, psychosocial and socioeconomic burden, there are still many gaps in the understanding of the disease itself and its management. Need for more information about serious comorbid conditionsThe survey also shows a need for more information on the serious comorbid conditions associated with, primarily severe, psoriasis.“A number of serious conditions have been shown to be associated with psoriasis, such as psoriatic arthritis, metabolic syndrome, diabetes type II and cardiovascular disease. These are conditions that both the patients and the healthcare professionals need to be aware of, so that their psoriasis is managed and monitored correctly”, says Dr Hoseah Waweru, Vice President of IFPA and President of the Psoriasis Association in Kenya. Building a better world for people with psoriasisIFPA, its members and partner organizations are committed to building a better world for people with psoriasis, and World Psoriasis Day and the global survey are in themselves excellent tools to raise awareness. Josef de Guzman, IFPA Treasurer and Chairman of the World Psoriasis Day Steering Committee adds:“World Psoriasis Day is a truly global campaign that aims to raise awareness of psoriasis and the many millions who live with this disease. Through World Psoriasis Day, and the survey, we hope that we can identify a clear path forward, towards a society where people with psoriasis can participate fully and be free from the added burdens of stigma and discrimination. We hope that many more people with psoriasis, the physicians that treat them, and their friends and families take part in the survey, so that all of us who act and speak on their behalf may be successful in building a better world for them.” About IFPA and World Psoriasis DayIFPA, together with all its more than 50 national member associations, is working to improve the quality of life for people suffering from psoriasis. Towards this end we are all united in a yearly World Psoriasis Day campaign, on October 29. In 2014 we are focusing on the tools needed to build a better world for people with psoriasis. To read more about World Psoriasis Day, please visit In May of this year, the 67th World Health Assembly adopted a resolution on psoriasis, encouraging “Member States to engage further in advocacy efforts to raise awareness regarding the disease of psoriasis, fighting stigma suffered by those with psoriasis, in particular through activities held every year on 29 October in Member States”. The resolution, entitled “Psoriasis”, can be downloaded here: About the surveyThe online survey was launched on IFPA’s website in mid-June 2014 and will be open until the end of May 2015. Featuring 17 different suggested tools within advocacy, awareness and education, as well as an open answer part where respondents can add their own tool, the survey is open for people with psoriasis, the physicians who treat them, and their family members and friends. The final results of the survey will be announced at the 4th World Psoriasis & Psoriatic Arthritis Conference. To participate in the survey, please go to [Attachment: Highlights from preliminary results of IFPA global online survey “Building a better world for people with psoriasis] For more information about IFPA and World Psoriasis Day, please contact the IFPA Secretariat at or +46 8 556 109 18.

Citi invests in young entrepreneurs in the Nordics

"This is part of a global Citi Foundation initiative that is supporting philanthropic efforts in the Nordic region. It is necessary to equip young people with entrepreneurship flare as well as financial knowledge if we want to see more innovation and sustainable job creation in the future. Here we have the next generation of entrepreneurs", says Eirik Winter, Nordic countries Chairman at Citi.Citi and the Citi Foundation have long been one of Junior Achievement’s strongest global supporters, and the grant has now developed to a commitment with Junior Achievement in the Nordic region with programs in Sweden, Denmark, Norway and Finland. Citi volunteers will participate as mentors and as jurors in the JA Year Competition which is scheduled to take place in May 2015.PROGRAMS IN THE NORDICSSweden: Support over 22,000 high school students in entrepreneurship education and the target group for this partnership is disadvantaged students. During the academic year, the high school students will start, run and dismantle a mini-company. They will go through all the stages of a real company. It’s expected that 400 young people will start their own business as a result of this intervention. Denmark: Teach entrepreneurship skills to youth from vocational schools. With the "Business Start Up - Vocational educations", the students will achieve the skills and the knowledge needed to start their own business by teaching materials containing cases telling the story of an entrepreneur. The aim is to give 100 students a case they can relate to, a business from their own area of education which can then function as a role model to start up their own business.Finland: Support over 4,500 students to set up their mini-company with real money. Beyond increasing their business knowledge and entrepreneurship experience, it is expected that 15% of participants will create their own enterprises within 5 years of the program. At the moment 4,000 young people between ages 14-18 in Finland are participating in this program and a long term goal is to reach 15% of the age group, approximately 10,000 youngsters Norway: Serve the 12,000 students that participate yearly in The Company Program to adapt to an I-PAD digital platform. When the program is available on smartphones and I-pads, the results will improve, the quality will be better and more students will be involved. In 2014, the Citi Foundation is investing $4.2M in Junior Achievement programs across 52 countries. For further information, please contact:Anneli Sundström, communications director, Citi, Junior AchievementJunior Achievement is a global non-profit organization providing educational programs in entrepreneurship, workforce readiness and financial literacy in 121 countries. Since the 1980’s, Junior Achievement in the Nordic region has educated high school students in entrepreneurship through the education program called the Company Program. During a school year, Company Program participants start, run and liquidate a company. Students develop their creativity; receive insight into business conditions and its driving forces and gain awareness of the importance of entrepreneurship through a combination of theoretical and practical training. Citi FoundationThe Citi Foundation works to promote economic progress in communities around the world and focuses on initiatives that expand financial inclusion. We collaborate with best-in-class partners to create measurable economic improvements that strengthen low-income families and communities. Through a "More than Philanthropy" approach, Citi's business resources and human capital enhance our philanthropic investments and impact. For more information, visit, the leading global financial services company, does business in more than 160 countries and jurisdictions. Citi provides corporations, governments and institutions with a broad range of financial products and services, including corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi has been in the Nordic countries since the 1970s, with offices in Stockholm, Copenhagen, Oslo and Helsinki. Additional information may be found at | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:

Unibet Group plc - Interim report January - September 2014 (unaudited)

“Activity and margin growth drive new all-time highs” “Unibet delivered 26 per cent year on year growth in gross winnings revenue in the third quarter (40 per cent excluding the impact of exchange rate changes and the spin-off of Kambi). The growth was wholly organic and demonstrates continued increases in market share.” “The sports betting margin for the quarter was influenced by the final stages of the World Cup and Unibet’s continued strong growth in France. Excluding those factors the sports betting margin before free bets was 8.4 per cent. A high sports betting margin has indirect effects in reducing sports turnover and activity in other products.” “Despite absorbing a 45 per cent increase in betting duties, Unibet delivered a 54 per cent growth in EBITDA compared with last year which shows the scalability of our business model. Unibet’s focus on re-regulated markets demonstrates that it is possible, with sustainable market conditions, to drive efficiency and increased profitability while reducing overall corporate risk.” “The mobile channel accounted for 38 per cent of the total gross winnings revenue and 55 per cent of gross winnings revenue in the sportsbook.” “In the period up to 26 October 2014, average daily gross winnings revenue increased by around 10 per cent (approximately 20 per cent in local currency) compared to the same period in 2013”, says Henrik Tjärnström, CEO of Unibet.

Storebrand ASA Q3 2014: Healthy profits and growth within non-guaranteed savings

· Group result of NOK 632 million for 3rd quarter and NOK 2,110 million year to date · Strong earnings growth and customer returns within non-guaranteed savings · Nominal cost down 3.9 per cent year to date The Board of Director's Interim report for Q3 2014, Q3 2014 result presentation and Supplementary Information Q3 2014 are attached on Storebrand will today host a press and analyst conference in Storebrands head office at Lysaker, Professor Kohts vei 9, at 10:00 CET (in Norwegian). An international conference call will be hosted at 14:00 CET. To participate in the conference call please use link on, or call in and register 10 minutes before the presentation starts. Dial in number: 21 56 33 18 from Norway and +44 20 3003 2666 for international participants. Full press release: Q3 2014: Healthy profits and growth within non-guaranteed savings · Group result of NOK 632 million for 3rd quarter and NOK 2,110 million year to date · Strong earnings growth and customer returns within non-guaranteed savings · Nominal cost down 3.9 per cent year to date – We deliver a good result this quarter. We confirm our position as market leader in the Norwegian market for defined contribution, and I am very satisfied with the growth we experience in non-guaranteed savings. Our pension customers receive high and sustainable returns in Norway and Sweden, says Group CEO Odd Arild Grefstad. Storebrand's Group result was NOK 632 million in the third quarter 2014 and NOK 2 110 million year to date. The result development is strongest within Savings (non-guaranteed savings and retail banking), improving the result with 64 per cent compared to last year. This improvement is mainly due to the strong increase in assets under management. Storebrand Asset Management has delivered excess returns to the customers of NOK 397 million in the third quarter and NOK 1.8 billion year to date. So far, the most common defined contribution profile in Norway have delivered 7,5 per cent return. The Group result is also strengthened by cost reduction of 3.9 per cent compared to the same period last year. Moving away from guarantees – An increasing number of companies transfer their defined benefit pension plan to å defined contribution plan. The main reasons are a demand for more predictable pension costs and increased expected pensions to the employees. This is also the case for Storebrand. Today, all Storebrand's employees hired before 2011 are part of a defined benefit scheme. This will only last another two months. From 2015 all employees in Norway will be part of a defined contribution pension plan with increased savings rates, says Group CEO Odd Arild Grefstad. The shift from products with guarantees to non-guaranteed savings products continue in the pensions market. As of September 1st, new regulation made it possible for about one million people in Norway with paid-up policies to decide how they want their pension to be invested. – The new regulation is important for our customers. We therefore opened up for our customers to move their traditional paid-up policies to paid-up policies with investment choice from mid-October, says Grefstad. The new product has been well received by our customers. Many of our paid-up policies have visited our internet pages and used the paid-up policy calculator. Around 700 customers with approximately NOK 160 million in paid-up policy reserves have chosen to move to the investment choice alternative. – We emphasize good advices and recommendations based on the customer's situation in our customer dialogue. For many customers, moving away from the annual guarantee will mean better pensions, since a more long-term investment strategy will give higher expected returns and thus higher pension payments, says Grefstad. Longevity reserve strengthening follows plan Due to increased life expectancy in Norway, Storebrand needs to build up reserves of NOK 12.4 billion by the end of 2020. In total, NOK 6,3 billion is set aside for increased longevity by the end of the 3rd quarter. Lysaker, October 29, 2014 Contact persons: Communications Director Elin M. Myrmel-Johansen: Mobile (+47) 93 48 05 38 Head of Investor Relations Trond Finn Eriksen: Mobile (+47) 99 16 41 35 Storebrand’s ambition is to be the best provider of pension savings. The group offers a broad range of products within life insurance, property and casualty insurance, asset management and banking, to companies, public sector entities and private individuals. The group is divided into the segments Savings, Insurance and Guaranteed pension and Other. This information is subject to disclosure under the Norwegian Securities Act section §5-12.

Kambi Group plc Q3 Report 2014

Kambi Group plc - Q3 Report 2014 (unaudited) Summary · Revenue amounted to EUR 9.5 (5.6) million for the third quarter of 2014, an increase of 68% and EUR 26.7 (15.0) million for the period January to September 2014, an increase of 78% · Operating profit (EBIT) for the third quarter of 2014 was EUR 0.9 (-3.2) million, with a margin of 10% (-56%), and EUR 1.6 (-10.5) million for the period January to September 2014, with a margin of 6% (-70%) · Profit after Tax amounted to EUR 0.7 (-3.0) million for the third quarter of 2014 and EUR 0.7 (-10.1) million for the period January to September 2014 · Earnings per share for the third quarter of 2014 were EUR 0.023 (-0.152)  and EUR 0.030 (-0.507) for the period January to September 2014 · Cash flow from operating and investing activities (excluding working capital) amounted to EUR 1.2 (-1.0) million for the third quarter of 2014 and EUR 2.2 (-5.4) million for the period January to September 2014 “Profitability and solid growth continues in Q3” “The quarter has seen continued solid revenues with an increase of 68% compared to the same period last year, increased profitability and strong cash flow. We are very pleased with our customers’ performance. This reflects the advantage our outstanding product gives them. By using Kambi’s service, our operators are able to offer the player a unique user experience with high entertainment value. Our drive is to remain the best Sportsbook provider for our customers”, says Kristian Nylén, CEO of Kambi. Significant events during Q3 · The football World Cup’s 10 final matches played in July · 888sport launched its Sportsbook in Spain in mid-August · Luckia extended its contract with Kambi · Kambi accepted as an Associate Member of the World Lottery Association · Mazars appointed as group auditor You are invited to participate in a report presentation at 10:45 CET held by CEO Kristian Nylén and CFO David Kenyon. The presentation will be held in English via a telephone conference and can also be accessed via an audiocast using the link below. Questions can be asked on the telephone conference or sent via the audiocast link. Numbers for participation in the telephone conference: SE: +46 850556481 UK: +44 2031940554 US: + 18552692607 Link to the audiocast:

Interim Report Q3 2014

JANUARY 1–SEPTEMBER 30, 2014 (compared with same period a year ago) · Net sales rose 10% (10% excluding exchange rate effects and divestments) to SEK 76,657m (69,453) · Organic sales growth, which excludes exchange rate effects, acquisitions and divestments, was 3% (4% including Vinda’s organic sales growth) · Operating profit, excluding items affecting comparability, rose 19% (17% excluding exchange rate effects and divestments) to SEK 8,599m (7,218) · The operating margin, excluding items affecting comparability, was 11.2% (10.4%) · Profit before tax, excluding items affecting comparability, rose 22% (20% excluding exchange rate effects and divestments) to SEK 7,847m (6,429) · Items affecting comparability totaled SEK -513m (-1,024) · Earnings per share were SEK 7.35 (5.28) · Cash flow from current operations was SEK 5,373m (4,282) · Recalculations have been made for previous periods on account of new and amended IFRSs and rules governing consolidated financial statements and joint arrangements (see note 6) (Table included in attached pdf) CEO’S COMMENTSSCA had yet another strong quarter and despite higher competition and low growth in mature markets, we delivered good organic sales growth. We continued our successful innovation work, and during the quarter we introduced a number of innovations and product launches under the Libresse, Lotus, Saba, Tempo and Tork brands. Our work on achieving greater cost efficiency continued, however, we were negatively affected by higher raw material costs due to both higher prices and a stronger dollar. The Tissue business area posted a considerably higher operating profit, however, the margin was negatively affected by the consolidation of Vinda. Vinda showed a strong sales growth of 22%.The Personal Care business area reported higher earnings as a result of higher volumes and cost savings, which compensated for higher raw material costs stemming partly from a stronger dollar. In Europe, sales and operating profit increased for both Personal Care and Tissue. The business area Forest Products showed a considerable earnings improvement, mainly owing to higher prices (including exchange rate effects) and cost savings. Consolidated net sales for the third quarter of 2014 increased by 16% compared with the same period a year ago. Organic sales growth was 4%, with growth across all business areas. Growth was mainly related to the hygiene operations’ emerging markets and the Forest Products business area. Operating profit for the third quarter of 2014, excluding items affecting comparability, rose 16% over the same period a year ago. The increase is mainly attributable to a better price/mix, higher volumes, cost savings and the acquisition of the majority shareholding in the Chinese company Vinda. Higher raw material costs had a negative impact on earnings. The operating margin, excluding items affecting comparability, was 11.4% which is the same level as a year earlier. Earnings per share grew 30% to SEK 2.68. Operating cash flow increased by 59%.  For further information, please contact: Johan Karlsson, Vice President Investor Relations, Group Function Communications, +46 8 788 51 30Boo Ehlin, Vice President Media Relations, Group Function Communications, +46 8 788 51 36Joséphine Edwall-Björklund, Senior Vice President, Group Function Communications, +46 8 788 52 34  NBSCA discloses the information provided herein pursuant to the Securities Markets Act. This report has been prepared in both Swedish and English versions. In case of variations in the content between the two versions, the Swedish version shall govern. Submitted for publication on October 29, 2014, at 8.00 a.m. CET. This report has not been reviewed by the company’s auditors.

AAK – Again a record high operating profit

· Again a record high operating profit of SEK 331 million (313), excluding acquisition related costs and non-recurring items, was reached for the third quarter. This was an improvement of 6 percent compared to the corresponding quarter in 2013. · Operating profit, including acquisition related costs and non-recurring items, reached SEK 344 million (303), an improvement of 14 percent compared to the corresponding quarter in 2013. · Total volumes increased by 6 percent. · Food Ingredients was, despite some anticipated headwind and a very strong third quarter 2013, stable with an operating profit of SEK 211 million (211). · Chocolate & Confectionery Fats improved its operating profit significantly, by 19 percent, and reported SEK 125 million (105). · The operating profit for Technical Products & Feed remained stable at SEK 24 million (24). · Earnings per share increased by 10 percent, from SEK 4.86 to SEK 5.36. · Return on Capital Employed (ROCE), calculated on a rolling 12 months basis, was 16.5 percent (16.4 percent at December 31, 2013). · During the third quarter, two acquisitions have been made; CSM Benelux NV in Merksem, Belgium and FANAGRA in Colombia. · On September 5, 2014, AAK announced that it will construct a speciality and semi-speciality edible oils factory in China. “Based on AAK’s customer value propositions for health and reduced costs, and our customer product co-development and solutions approach, we continue to remain prudently optimistic about the future. The main drivers are the continued positive underlying development in Food Ingredients and the continued improvement in Chocolate & Confectionery Fats”, said Arne Frank, CEO and President. For further information, please contact: Fredrik Nilsson                          Anders ByströmCFO                                         Director External Accounting & Investor RelationsPhone: + 46 40 627 83 34          Phone: +46 40 627 83 32Mobile: + 46 708 95 22 21          Mobile: +46 709 88 56 13   The information is that which AAK AB (publ) is obliged to publish under the provisions of the Stock Exchange and Clearing Operations Act and/or the Trading in Financial Instruments Act. The information was released to the media for publication on October 29, 2014 at 08:15 a.m. CET.  AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats solutions. These oils and fats solutions are characterized by a high level of technological content and innovation. AAK`s solutions are used as substitute for butter-fat and cocoa butter, trans-free and low saturated solutions but also addressing other needs of our customers. AAK has production facilities in Belgium, Colombia, Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. Further AAK has also toll manufacturing operations in Russia and Malaysia. The company is organized in three Business Areas; Food Ingredients, Chocolate and Confectionery Fats and Technical Products & Feed. AAK’s shares are traded on the NASDAQ OMX, Stockholm, within the Large Cap segment. Further information on AAK can be found on the company’s website


The January–September period and the third quarter 2014 in brief · Net sales amounted to MSEK 22.0 (37.4), whereof the third quarter amounted MSEK 8.8 (21.2) · Net loss for the group was MSEK 37.5 (18.7), whereof the third quarter MSEK 9.9 (net profit 6.5) · Loss per share was SEK 0.06 (0.04), whereof the third quarter SEK 0.01 (EPS 0.01) · Cash flow from operating activities was MSEK -35.7 (-25.5), whereof the third quarter MSEK -9.4 (-1.4) · Cash and cash equivalents and other short-term investments totaled MSEK 62.3 (32.1) at the end of the period · GLP toxicity studies commenced in the ERbeta cancer project · In ERbeta MS, preclinical studies for the selection of a drug candidate financed by MS Society were completed with positive outcome Significant events after the end of the reporting period · At the end of the fourth quarter, the research collaboration on RORgamma will according to plan enter a new phase in which Pfizer will carry out continued development efforts on its own. Consequently, Karo Bio plans to adjust its organization. Conference call / audiocast today at 9.30 a.m. CETCEO Per Bengtsson will present the report today at 9.30 a.m. in an audiocast, held in Swedish. The audiocast and slides are available through the corporate website or by telephone +468 51 999 358. Questions may be submitted over the internet or by telephone. CEO COMMENTARYIn our three main projects, activities have reached key stages in several respects. The collaboration with Pfizer in the RORgamma project is entering a new phase at year-end in which Pfizer will carry out the development work on its own. Work is proceeding on a broad front within Pfizer and payments to Karo Bio will be triggered when the project reaches specific milestones. Since Pfizer’s need for our research resources diminishes considerably going forward, Karo Bio plans to implement an adjustment of its organization. In the project ERbeta cancer, we currently perform GLP toxicity studies and some other activities that are part of the final stage of preclinical development. So far it looks good and when all results are available, we are in a position to inform about the project status. In the fall, we have intensified our efforts in our ER-beta MS project to find a partner. We are talking with several of the leading MS companies that want to develop new forms of MS therapy to meet the large needs that are not fulfilled by the anti-inflammatory drugs that are currently the only available option on the market. We continue to maintain a dialogue with interested companies and await certain requested and supplementing results which illustrate the balance between efficacy and risk in the project. Summing-up, we have an interesting portfolio of early projects. We now direct the company towards projects in a more advanced phase, closer to the market. CEO Per Bengtsson For further information, please contactPer Bengtsson, CEOTelephone: +46 8 608 6020E-mail: per.bengtsson@karobio.seHenrik Palm, CFOTelephone: +46 8 608 6076 or +46 70 540 40 14E-mail: Karo Bio AB (publ)Novum141 57 HuddingeSwedenTelephone: +46 8 608 60 556309-3359Website: The information in this report is such that Karo Bio is required to disclose under the Swedish Securities Market Act. The information was disclosed on October 29, 2014 at 8.30 a.m. CET.

Interim Report January-September 2014: Focus on service offerings and cost efficiency progresses

Message from Håkan Ericsson, President and CEO Positive growth in e-commerce, but sharp reductions in mail volumes and tough competition in the logistics market continue. Further cost-saving programs initiated. Total mail volumes for the Group declined by 4% year-on-year: 6% in Denmark and 3% in Sweden. During the quarter, mail volumes were boosted by mailings in connection with personal health cards in Denmark and Sweden’s general election. The corresponding outcome for the year to date is a decline of 4% for the Group, whereof 10% in Denmark and 3% in Sweden. Operating income for the Group improved during the quarter, to SEK 345m (242), as a result of actions taken. However, the level of profitability remains unsatisfactory and, as announced earlier, further restructuring measures will be necessary. An enhanced cost-saving program with approximately SEK 500 million in annual savings is being initiated, which will reduce the number of employees by 700-800 in administration and other support functions. The implementation of the program will start during the fourth quarter 2014, when the restructuring costs will be determined and the necessary provision made. In addition, we will be focusing on verifying further measures, mainly within production, to strengthen our long-term competitiveness. Our work on customized services is making good progress. Within our strategic development of the logistics business, we have seen further successes for our concept. During the quarter, we signed agreements with for example CDON on coordination of their warehousing and distribution operations, and with Stadium in third-party logistics (TPL). In the heavy logistics sector, we signed an agreement with Spendrups. In September, our new terminal at Rosersberg went on stream. It is one of the most modern terminals in the world. During construction of the facility, great care was taken to limit the environmental and climate impact; for example, the terminal’s energy supply needs are partly met by a solar power system. Volumes will be transferred in stages during 2014 and 2015. Our integrated production operations will deliver increased cost efficiency, and a better customized service offering, which will profile us more clearly and increase our competitiveness. Important events in July-September 2014 Extraordinary General MeetingAt an Extraordinary General Meeting held on August 25, 2014, it was resolved PostNord Logistics AB should be merged with Posten Meddelande AB and at the same time the merged company should be named PostNord Sverige AB. The purpose of the merger is to simplify the Group’s legal structure, and the intention is to complete the process by year-end. Important events after the reporting period Cost-saving programPostNord is initiating an enhanced cost-saving program with approximately SEK 500 million in annual savings, which will reduce the number of employees by 700-800 people, of which the majority in Denmark, within administration and other support functions. The implementation of the program will start during the fourth quarter 2014, when the restructuring costs will be determined and the necessary provision made. Analysis of conditions for possible divestment of the Strålfors operationsPostNord has taken the decision to analyze the conditions for a possible divestment of the Strålfors operations. PostNord is carrying out a comprehensive adjustment that demands leadership focus and financial resources. Divestment of Strålfors would free up capital and give PostNord the conditions to further focus on the adopted strategic direction. For Strålfors, a changed ownership structure could lead to better opportunities to fully participate in the dynamic development of the northern European communications market. Changes to PostNord’s management group, Group Executive TeamKnud B. Pedersen has decided to retire from his position as Deputy CEO and Executive Vice President of PostNord AB at the end of the year. Knud B. Pedersen will also be leaving his post as Managing Director of Post Danmark A/S. As of next year, Knud B. Pedersen will serve as an advisor to PostNord’s President and Group CEO. The legal and operative structure in Denmark will be consolidated at the beginning of next year when Head of PostNord Denmark Henning Christensen will also become Managing Director of Post Danmark A/S. From and including January 1, 2015, group function Legal will report to the CEO. Incoming General Counsel Kristina Lilja will be a member of the Group Executive Team. Following an analysis of the conditions for possibly divesting the Strålfors operations, as of today, Strålfors CEO Per Samuelsson will no longer be part of the Group Executive Team. PostNord AB (publ) is required to disclose the above information under the provisions of the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 AM CET on October 29, 2014


Nets Holding A/S (”Nets”) hereby announces a cash offer to the shareholders of DIBS Payment Services AB (publ) (”DIBS” or the "Company”) (the "Offer"). The Company's shares are admitted to trading on NASDAQ OMX First North in Stockholm, Sweden. Summary · Nets offers SEK 82.50 per share in DIBS · The offer represents a premium of 45 per cent compared to the closing share price on 28 October 2014, i.e. the last trading day before the announcement of the Offer, of SEK 57.00 · Three of the largest shareholders in DIBS, Mr. Staffan Persson, Mr. Christoffer Häggblom and Mr. Thord Wilkne, representing in aggregate 28.2 per cent of the shares and votes in the Company, have subject to certain conditions being fulfilled, undertaken to accept the Offer · The acceptance period is expected to commence around 7 November 2014, and end around 15 December 2014. Settlement is expected to begin around 22 December 2014 Nets recognises DIBS’s dedication to serving its customers through constant innovation in products and services.  DIBS has also built an important network of partners over the years, one that is critical to the success of the Company.  Nets strongly commits to the development of DIBS’s offering, with the goal of actively enhancing its value proposition to its customers and partners. “We strongly believe a combination of Nets and DIBS will create a successful provider of high quality merchant services solutions to our combined customers”, says Bo Nilsson, Chief Executive Officer of Nets. Background and reasons for the Offer DIBS is an online payment provider with a history as pioneers in the industry. DIBS offers a wide range of online payment solutions to online shops and handles the online payments of more than 15,000 merchants. Nets views DIBS as a focused, well-performing and innovative organisation and looks to build on these strong capabilities. Nets values highly the employees and management team of DIBS, and the results that they have achieved in growing the Company over time.  As a result, Nets looks forward to working together with DIBS’s management and employees in further developing the business.   The Offer Nets offers SEK 82.50 in cash per share in the Company. The Offer values the entire share capital in DIBS to SEK 790,350,000[1] (http://#_ftn1). No commission will be charged in connection with the Offer. In the event that the Company should pay any dividend or make any other value transfer prior to the settlement of the Offer, the price per share in the Offer will be reduced correspondingly. The Offer does not include the warrants (Sw. teckningsoptioner) issued in May 2012 with series 2012/15 as part of the Company’s incentive programs for employees. Outside of the Offer, Nets will provide reasonable treatment towards the participants in this warrant program. The Offer represents a premium of: · 45 per cent compared to the closing share price on 28 October 2014, i.e. the last trading day before the announcement of the Offer, of SEK 57.00; · 43 per cent compared to the volume-weighted average share price during the last three months prior to 28 October 2014 of SEK 57.70; and · 24 per cent compared to the highest closing share price during the last twelve months of SEK 66.75. Undertakings from larger shareholders Three of the largest shareholders of the Company, Mr. Staffan Persson, Mr. Christoffer Häggblom and Mr. Thord Wilkne, representing in aggregate 28.2 per cent of the shares and votes in the Company (held directly and/or indirectly by entities controlled by the respective persons), have undertaken to accept the Offer. The undertakings constitute irrevocable commitments by the relevant shareholders to tender their shares in the Offer, provided that such shareholders may (subject to a matching right period vesting with Nets) withdraw their respective undertaking in case a competing offer is announced prior to (i) all regulatory approvals necessary for completion of the Offer having been obtained and (ii) the Offer being declared unconditional, and such competing offer is made at a price of at least SEK 91 per share. If such competing offer is matched by Nets, any subsequent competing offer must represent at least a 10 percent higher price to the shareholders of the Company than the revised Offer (and as revised from time to time). Nets shareholding in the Company Neither Nets nor any of its subsidiaries do currently hold or control any shares in the Company or any other financial instrument in the Company that entail a financial exposure comparable with shares in the Company. Furthermore, neither Nets nor any of its subsidiaries have acquired any shares in the Company during the last six months prior to the announcement of the Offer. Conditions for the Offer Completion of the Offer is conditional upon: 1. the Offer being accepted to such an extent that Nets becomes the owner of shares representing more than 90 per cent of the shares in the Company on a fully diluted basis; 2. no other party announcing an offer to acquire shares in the Company on terms that are more favourable to the shareholders of the Company than those of the Offer; 3. all regulatory, governmental or similar clearances, approvals, decisions and other actions from authorities or similar, necessary for the Offer and the acquisition of the Company, being obtained, in each case on terms which, in Nets' opinion, are acceptable; 4. neither the Offer nor the acquisition of DIBS being rendered wholly or partially impossible or significantly impeded as a result of legislation or other regulation, any decision of court or public authority, or any similar circumstance, which is actual or can be anticipated, and which Nets could not reasonably have foreseen at the time of announcement of the Offer; 5. no circumstances, which Nets did not have knowledge of at the time of announcement of the Offer, having occurred that have or can be expected to have a material adverse effect upon the Company's sales, results, liquidity, solidity, equity or assets; 6. no information made public by the Company or disclosed by the Company to Nets being inaccurate, incomplete or misleading in any material respects, and the Company having made public all information which should have been made public; and 7. the Company not taking any measures that are likely to impair the prerequisites for making or implementing the Offer. Nets reserves the right to withdraw the Offer in the event that it can be established that any of the above conditions is not satisfied or cannot be satisfied. However, with regard to conditions 2-7, the Offer may only be withdrawn where the non-satisfaction of such condition is of material importance to Nets' acquisition of the Company or if otherwise approved by the Swedish Securities Council. Nets reserves the right to waive, in whole or in part, one, several or all of the conditions above, including with respect to condition 1, to complete the Offer at a lower level of acceptance.   Financing of the Offer Nets will finance the Offer through external financing. As of today, the relevant external financing has been secured through a combination of available and committed loan facilities and no further substantive conditions to draw down of funds during the time period relevant for the Offer apply. Due diligence Nets has, in connection with the preparations for the Offer, conducted a limited confirmatory due diligence review of the Company. DIBS has confirmed that no information which has not previously been published, and which can reasonably be expected to affect the price of the Company's securities, has been disclosed to Nets during the course of the due diligence process. Nets in brief Nets connects banks, businesses, merchants and consumers via an international network, which facilitates the exchange of digital payments, identities and information – called ‘digital values’. Founded in 1968, Nets has a strong history of securely handling payments transactions. Nets’ activities include interbank clearing, terminal and PSP services, direct debit, credit transfers, e-invoicing, e-archiving, national e-identity solutions and card acquirer and issuer payment processing. Nets operates the domestic schemes of Dankort, BankAxept, Betalingsservice, AvtaleGiro, NemID and BankID and is active in card acquiring through its subsidiary Teller. Nets was established in 2010 when Danish PBS Holding A/S (owner of PBS and PBS International) and Norwegian Nordito AS (owner of BBS and Teller) merged into a new, common group. Nets works towards the vision of creating the future of digital values. Reflecting this, the company provides a comprehensive choice of services covering: Financial Services, Sector Services, and Merchant Services. Nets has 2,450 employees in Denmark, Norway, Finland, Sweden and Estonia. Find out more at Nets is a limited liability company incorporated in Denmark, registered under number (CVR) 27225993, with its registered seat at Lautrupbjerg 10, 2750 Ballerup and with its principal office at Lautrupbjerg 10, DK-2750 Ballerup, Denmark. Nets sole shareholder is Nassa A/S, which in turn is ultimately controlled by Advent Funds, Bain Funds and ATP Funds. Indicative time plan The acceptance period for the Offer is expected to commence around 7 November 2014, and end around 15 December 2014[2] (http://#_ftn2). An offer document regarding the Offer is expected to be made public in conjunction with the commencement of the acceptance period. Settlement will begin as soon as Nets has announced that the conditions for the Offer have been satisfied or that Nets has otherwise resolved to complete the Offer. Assuming that such an announcement is made no later than around 17 December 2014, settlement is expected to begin around 22 December 2014. Nets reserves the right to extend the acceptance period for the Offer, as well as the right to postpone settlement. The acquisition of the Company requires the approval by the Swedish Financial Supervisory Authority. While relevant and necessary approvals (as applicable) are expected to be received prior to the end of the acceptance period set forth above, there can be no assurance regarding the timing or receipt of the approvals. Redemption and de-listing As soon as possible after Nets becomes the owner of shares representing more than 90 per cent of the outstanding shares in the Company, Nets intends to commence a compulsory acquisition procedure under the Swedish Companies Act (Sw. aktiebolagslagen (2005.551)) to acquire all remaining shares in the Company. In connection therewith, Nets intends to promote a de-listing of the Company's shares from NASDAQ OMX First North in Stockholm. Applicable law and disputes The Offer shall be governed by and construed in accordance with the laws of Sweden. The Takeover Rules for certain trading platforms issued by the Swedish Corporate Governance Board (Sw. Kollegiet for svensk bolagsstyrning), and the Swedish Securities Council's rulings regarding the interpretation and application of the Takeover Rules, including, where applicable, the Swedish Securities Council's interpretation and application of the formerly applicable Rules on Public Offers for the Acquisition of Shares traded at Trading Platforms issued by the Swedish Industry and Commerce Stock Exchange Committee (Sw. Näringslivets Börskommitté), apply in relation to the Offer. The courts of Sweden shall have exclusive jurisdiction over any dispute arising out of or in connection with the Offer and the City Court of Stockholm shall be the court of first instance. Advisors Nets has engaged Carnegie Investment Bank AB (publ) as financial advisor. Bird & Bird acts as legal advisors in connection with the transaction. Kastell Advokatbyrå has been engaged by Nets as legal advisor in respect of antitrust matters. Further information For further information about Nets and the public cash offer for the shares of the Company, please see For media quires, please contact:Press manager at Nets on+45 294 82646   This press release was submitted for publication on 29 October 2014 at 08.30 (CET). Important notice This is a translation of the original Swedish language press release. In the event of discrepancies, the original Swedish wording shall prevail. Offer restrictions The Offer is not being made to persons whose participation in the Offer requires that any additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law. This press release and any documentation relating to the Offer are not being published in or distributed in or to and must not be mailed or otherwise distributed or sent in or to Australia, Canada, Hong Kong, Japan, New Zealand or South Africa or any other country in which doing so would require any such additional measures to be taken or would be in conflict with any applicable law or regulation (the "Restricted Jurisdiction"). Any such action will not be permitted or sanctioned by Nets. Any purported acceptance of the Offer resulting from a direct or indirect violation of these restrictions may be disregarded. The Offer is not being made, directly or indirectly, in or into any Restricted Jurisdiction by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the Internet) of interstate or foreign commerce, or of any facility of national security exchange, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within, any Restricted Jurisdiction. Accordingly, this press release and any documentation relating to the Offer are not being and should not be sent, mailed or otherwise distributed or forwarded in or into any Restricted Jurisdiction. Nets will not deliver any consideration under the Offer in or into any Restricted Jurisdiction. This press release is not being, and must not be, sent to shareholders with registered addresses in any Restricted Jurisdiction. Banks, brokers, dealers and other nominees holding shares for persons in any Restricted Jurisdiction must not forward this press release or any documentation relating to the Offer to such persons. Forward-looking statements Statements in this press release relating to future status or circumstances, including statements regarding future results, growth and other projections regarding development and the other benefits of the Offer, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as "anticipates", "intends", "expects", "believes", or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Nets. Any such forward-looking statements made herein speak only as of the date on which they are announced. Except as required by the Takeover Rules or applicable law or regulations, Nets expressly disclaims any obligations or undertaking to publicly announce updates or revisions to any forward-looking statements contained in this press release to reflect any change in expectations with regards thereto or any change in events, conditions or circumstances on which such statement is based, The reader should, however, consult any additional disclosures that Nets or the Company has made or may make. Special notice to shareholders in the United States The Offer described in this announcement is subject to the laws of Sweden. It is important for US securities holders to be aware that this document is subject to disclosure and takeover rules and regulations in Sweden that are different from those in the United States. The Offer is made in the United States in compliance with Section 14(e) of, and Regulation 14E under, the US Securities Exchange Act of 1934, as amended (“Exchange Act”), subject to the exemptions provided by Rule 14d-1(d) under the Exchange Act and otherwise in accordance with the requirements of Swedish law. Accordingly, the Offer is subject to disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments that are different from those applicable under US domestic tender offer procedures and laws. NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR ANY U.S. STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THIS OFFER, PASSED UPON THE FAIRNESS OR MERITS OF THIS ANNOUNCEMENT OR DETERMINED WHETHER THIS ANNOUNCEMENT IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE IN THE UNITED STATES. ---------------------------------------------------------------------- [1] (http://#_ftnref1) Based on 9,580,000 shares carrying equal voting rights, being the number of shares currently outstanding [2] (http://#_ftnref2) DIBS is the holder of regulatory permit issued by the Swedish Financial Supervisory Authority ("SFSA") to act as an electronic money institution. The rules governing such permits provide for an ownership approval process before a new owner can acquire ten per cent or more of the shares in such institution. Following this announcement, Nets will procure that an application for such approval is submitted to the SFSA. Given DIBS' limited use of the said permit, Nets has reason to believe that approval will be obtained from the SFSA within the acceptance period of the Offer. 

Saab to deliver new underwater capability to the US Underwater Hazardous Device Teams

The aim of this project is to deliver to the UHDT an increased capability that will tackle the growing threat from Improvised Explosive Devices in the US domestic maritime domain. The WBIEDROV will tackle the challenging underwater environment of the ship’s hull and jetty search and be able to defeat the IED in situations while maintaining station in a current. Saab has extensive experience in the design and manufacture of underwater vehicles for both the military and commercial markets. “This is a perfect example of how Saab combines military and commercial technology already in place within Saab to develop new products. We hope to follow the huge strides that have been made on land in the area of Remote IED Disposal over the past ten years and to address the problem of underwater security. This is a significant challenge, but de-risking the maritime IED threat is an essential task, says Agneta Kammeby, Head of Saab’s business unit Underwater Systems. “This is a great example of Saab’s ability to leverage the advanced technology and high competence providing leading edge capabilities and solutions to our U.S. Defenders”, concludes Lars Borgwing, President and CEO of Saab Defense and Security USA, LLC. For further information, please contact:Saab Press Centre, +46 (0)734 180 018; Saab serves the global market with world-leading products, services and solutions ranging from military defense to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs. Saab Defense and Security USA, LLC. (SDAS) delivers advanced technology and systems to United States’ armed forces and other government agencies. Headquartered in Sterling Virginia, the company has business units and local employees in four states. SDAS is a wholly owned subsidiary of the Saab Group.


THIRD QUARTER OF 2014• NET SALES amounted to MSEK 37.1 (24.1).• OPERATING PROFIT totalled MSEK 9.0 (4.5).• PROFIT AFTER TAX amounted to MSEK 7.1 (3.7).• PROFIT AFTER TAX PER SHARE was SEK 0.77 (0.41).•CASH FLOW amounted to MSEK 3.3 (4.2).  ACCUMULATED 2014• NET SALES amounted to MSEK 95.3 (76.1).• OPERATING PROFIT totalled MSEK 20.5 (15.1).• PROFIT AFTER TAX amounted to MSEK 16.4 (12.4).• PROFIT AFTER TAX PER SHARE was SEK 1.80 (1.36).•CASH FLOW amounted to MSEK 6.3 (4.1). Probi paid dividends of MSEK 6.8 (6.8).  SIGNIFICANT EVENTS DURING THE THIRD QUARTER:• Probi and Pharmavite expanded their partnership in the US and in international markets.• NBTY launched products based on Probi Digestis® in the US retail market.• Another trial confirmed that Probi’s probiotics can increase iron absorption in women of child-bearing age.• Vifor launched Probi Defendum® in Switzerland.• An agreement was signed with Metagenics to launch Probi Defendum® in North America.  SIGNIFICANT EVENTS AFTER THE CLOSE OF THE PERIOD:•Probi signed a distribution agreement with Laboratório Daudt for the launch of Probi Digestis® in Brazil.  CEO’S COMMENTS:“The third quarter was by far our best quarter ever. Net sales of MSEK 37.1 correspond to year-on-year growth of 54%. Our growth up to the third quarter was 25% and we are growing with increased profitability. The operating margin for the reporting period is slightly higher than in 2013. As in recent quarters, growth is attributable to the Consumer Healthcare business area where net sales have risen 53% to date this year, compared with the corresponding period in 2013. This growth was primarily driven by successful launches conducted jointly with our partners in the North American and South Korean markets. Due to strong global demand for our products, we are now reviewing the organisation to ensure we have the resources needed to seize the market opportunities in both of our business areas in coming years,” says Peter Nählstedt, CEO of Probi.  INVITATION TO TELECONFERENCE (SWEDISH):Time: Wednesday, 29 October 2014 at at 10.00 a.m. Phone number: +46 (0)8-519 99 030 Participants from Probi: Peter Nählstedt, CEO and Niklas Brandt, CFO. The presentation is available at: and FOR FURTHER INFORMATION, PLEASE CONTACT:Peter Nählstedt, CEO Probi, tel: +46 (0)46-286 89 23 or +46 (0)723-86 99 83, e-mail: peter.nahlstedt@probi.seNiklas Brandt, CFO Probi, tel: +46 (0)46-286 89 26 or +46 (0)706-62 98 83, e-mail:  This information is such that Probi AB is required to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act.The information was submitted for publication on 29 October 2014 at 8:45 a.m.  This is a translation of the Swedish version of the interim report. When in doubt, the Swedish wording prevails.  ABOUT PROBIProbi AB is a Swedish publicly traded bioengineering company that develops effective and well-documented probiotics. Through its world-leading research, Probi has created a strong product portfolio in the gastrointestinal health and immune system niches. Probi’s products are available to consumers in more than 30 countries worldwide. Probi’s customers are leading food, health-product and pharmaceutical companies in the Functional Food and Consumer Healthcare segments. In 2013, Probi had sales of MSEK 102. The Probi share is listed on NASDAQ OMX Stockholm, Small Cap. Probi has about 3,500 shareholders. Read more at

Millicom Foundation launches to support digital innovators in emerging markets

Wednesday 29 October 2014 – International telecoms and media company Millicom launches the Millicom Foundation today. The independent foundation will support local digital innovators to build a movement of digital changemakers across Latin America and Africa. In addition to its annual $10 million budget, the Millicom Foundation will support social innovators with business advice, technological support and mentoring from Millicom’s employees. Led by Executive Director and social entrepreneur Till Behnke, the Foundation will identify innovative ideas and solutions through the Digital Changemakers Award running initially in eleven of its African and Latin American markets. To mark the launch, new Millicom Foundation Trustees Peter Eigen (Founder of Transparency International) and Ory Okolloh (Founder of Ushahidi and now Director of Investments for Omidyar Network’s Government Transparency initiative in Africa) will participate in a Google Hangout discussion with Paraguay’s on-the-ground project manager, Camila Varela Paciello. Media are invited to watch the discussion live starting at 13:00 GMT today. Millicom CEO Hans-Holger Albrecht said: “This independent foundation is a part of our commitment to create a digital lifestyle for everyone. It will do more than just provide cash for ambitious social startups– it will support digital innovators to grow their ideas and scale them across markets.” Ory Okolloh commented: “What makes this initiative different from other corporate CSR programmes is that there is a genuine desire to move beyond just awarding prizes to start-ups. The Millicom Foundation wants to see the entrepreneurs through to success and allow them to scale their businesses.” Peter Eigen said: “Technology is critical to the promotion of open societies in Africa and Latin America. The social innovators supported by the Millicom Foundation will empower people on both continents.” Millicom has an impressive track record of bringing local ideas to life in Latin America and Africa. In Tanzania, Millicom worked alongside UNICEF and the local community to establish a mobile registration system for new born babies. In Paraguay, Millicom rolled out its telecentros scheme to bring digital tools to children in schools. 

Vikings appoint LJMU PhD student as nutritionist

Professional rugby league club Widnes Vikings have appointed LJMU PhD student James Morehen as the Club’s new nutritionist as part of their partnership with the University. Morehen, started work at the Vikings last week as Head of Strength and Conditioning Jon Clarke kicked off the players’ pre-season. The LJMU student will be working primarily with the First Team but will also spread his knowledge and expertise across the whole of the Club, including Under 19’s, Scholarship players and even passing on advice to youngsters’ parents. The work Morehen undertakes in the Vikings’ elite environment will go towards a PhD in Sports Physiology and Nutrition at LJMU and a number of research projects which he hopes will gain the recognition to be published. He said: “I’m delighted to have joined the Vikings and I’m looking forward to working with everyone at the Club as we head into the new season. To be at a Super League Club, working with elite athletes as a PhD student with Liverpool John Moores is a great opportunity for me. “I’m here at the Club to help improve the players’ nutritional strategies to aid performances on the pitch. The benefit of me being here is all for the players and the Club. It’s about helping the players to get in a much better shape than they were last year through educated nutritional strategies informed by scientific research and if I can contribute to that then that will help me with my PhD Studies in the Sports Science arena.” “This role has come about through the collaboration between LJMU, the Vikings, Nutrition X and my Applied PhD. My subjects will be the players. I’ll be doing research through the season and bringing some new ideas to the group. Ultimately I want to improve the players’ nutritional strategies through solid eating behaviours and publish Research and to do that here working with the Widnes boys is massive.” Jon Clarke said: “It’s an extremely important appointment. The intensity of the training the players undertake is such that we need the right nutrition and to get someone like James Morehen, through our partnership with LJMU and Dr Graeme Close, is a real coup for the Club and James coming on board is a great addition to the team. “James will be working virtually full-time at the Club. He’ll be around for a lot of the week and on a game day and we have given him the capacity to work with the players and he’ll assess the needs individually and really pinpoint what each one of them needs. This is the type of detail and route we are now going down and I’m excited about James being around. He’s a very knowledgeable person and he’s a good bloke as well who will fit right in.” Dr Graeme Close, a Reader in Applied Physiology and Sports Nutrition at LJMU, said: “This is a fantastic opportunity, not only for James and the Widnes players, but also for Liverpool John Moores University to continue to develop this unique partnership. At LJMU we are committed to helping out students gain real world work opportunities whilst continuing their studies ultimately helping them gain full time work in the industry.  “We firmly believe that if we can combine academic excellence with applied experience we can help to develop the ultimate practitioner. James is a very talented, highly motivated person who I have no doubt will help Widnes to continue their rise through the Super League table. I am therefore delighted to be involved in this project and work with Jon Clarke who is an exceptional strength and conditioner and the ideal person to support James through this process.” For further information about postgraduate study at LJMU please visit

Saab achieves Initial Operating Capability Milestone for Seventh Runway Status Lights Deployment

RWSL is comprised of two types of red warning lights embedded in the pavement of a runway or taxiway: Runway Entrance Lights (REL), visible from the taxi hold position, that turn on automatically when it is unsafe to enter a runway; and Takeoff Hold Lights (THL), visible from the takeoff hold point, that illuminate automatically when it is unsafe to depart from a runway. The system operates by automatically illuminating the lights if the airport’s surface surveillance system, Airport Surface Detection Equipment, Model X (ASDE-X), detects traffic on or approaching the same runway as a taxiing or departing aircraft. Lights are automatically turned off when it is safe to proceed. RWSL indicate runway status only; clearance to enter, cross or takeoff from a runway must still be given by an air traffic controller. “We have steadily achieved Runway Status Lights goals over the past year with the support of our partners and customer and are on-plan for the continued deployment of the program,” said Ken Kaminski, general manager of Saab ATM. “RWSL adds a layer of runway safety directly to the cockpit in all weather conditions and at night without increasing air traffic controller workload.” The RWSL systems are now fully operational and commissioned at six airports: George Bush Intercontinental (Houston), Orlando International, Phoenix Sky Harbor International, McCarran International, Seattle-Tacoma International Airport and Washington Dulles International. In addition, Minneapolis-St. Paul is also in the IOC phase and the systems at the ten remaining airports are either under test or in the construction phase. Saab is the prime contractor and lead system integrator for RWSL. The team also includes ADB Airfield Solutions for the field lighting and control system and HNTB Corporation for site design. For further information, please contact:Saab Press Centre, +46 734 180 018 Saab Air Traffic Management, Rob Conrad, +1-315-634-3139 or Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees in about 40 countries around the world. Through innovative, collaborative and pragmatic thinking, Saab constantly develops, adopts and improves new technology to meet customers’ changing needs.


Oslo, Norway – October 30, 2014 – Opera Software (OSEBX: OPERA) today reported financial results for the third quarter, which ended September 30, 2014. 3Q 2014 financial highlights include: · § Revenue of $138.8m, up 84% versus 3Q13 · § Adjusted EBITDA* of $33.9m, up 51% versus 3Q13 · § Operating Cash Flow of $18.2m versus $20.1m in 3Q13 · § Free Cash Flow of $15.4m versus $15.8m in 3Q13 Revenues Compared to 3Q13, 3Q14 saw strong revenue growth from Mobile Consumers (Owned and Operated Properties) and Mobile Publishers and Advertisers (Opera Publisher Partner Members), revenue growth from Device OEMs and a relatively flat revenue trend from Desktop Consumers and Mobile Operators. Profit EBITDA, excluding stock-based compensation expenses, was $33.9 million compared with $22.5 million in 3Q13. EBITDA was $29.4 million in 3Q14 compared with $22.5 million in 3Q13. EBIT was $19.5 million in 3Q14 compared to $15.6 million in 3Q13.                         3Q14 IFRS Net Income was -$11.7 million compared to $1.3 million in 3Q13. Non-IFRS 3Q14 Net Income was $20.4 million compared to $14.0 million in 3Q13. The Company´s non-IFRS Net Income in 3Q14 excludes the effects of $4.5 million in non-cash stock-based compensation expenses, $9.1 million related to a non-controlling strategic equity interest in a joint venture and $18.5 million in acquisition related adjustments. Note that the $18.5 million in acquisition related adjustments is comprised of the following: $14.8 million of this cost is interest expense and FX adjustments related primarily to the AdColony acquisition and $3.7 million relates to acquisition depreciation expenses and tax expenses associated with all of Opera's acquisitions. EPS and fully diluted EPS were -$0.082 and -$0.080, respectively, in 3Q14, compared to $0.011 and $0.010, respectively, in 3Q13. Non-IFRS EPS and fully diluted Non-IFRS EPS were $0.143 and $0.138, respectively, in 3Q14, compared to $0.114 and $0.111, respectively, in 3Q13. Liquidity and capital resources The Company’s net cash flow from operating activities was $18.2 million in 3Q14 compared to $20.1 million in 3Q13. Cash flow from operating activities was impacted positively by strong profitability and negatively by changes in working capital. Opera’s cash balance was impacted positively by net cash flow from operating activities, proceeds from the equity offering and proceeds from sale of equipment and negatively by expenses related to acquisitions, share buybacks, investments in research and development and capital expenditures. Capital expenditures, which are primarily related to Opera’s hosting operations, were $2.7 million in 3Q14 versus $4.4 million in 3Q13. Operational Highlights · § Mobile Consumers – Opera Owned and Operated Properties Revenue of $12.8 in 3Q14, up 68% versus 3Q13 Total Opera mobile consumer users reached 271 million at the end of 3Q14, up 4% versus the end of 3Q13 Opera´s Android users reached 116 million at the end of 3Q14, up 54% versus the end of 3Q13 Total of 41.1 billion ad requests were generated from Opera´s owned and operated properties, an increase of 92% from 3Q13 Signed a licensing agreement with Microsoft to make Opera Mini the default web browser on Microsoft’s Asha and existing feature phone platforms Announced a partnership with MediaTek where the Opera Max™ data-savings app will be embedded into MediaTek’s LTE System on Chips · § Mobile Operators Revenue of $17.0m in 3Q14, down 1% versus 3Q13 Operator cloud based license/data revenue of $16.0 million in 3Q14, flat versus 3Q13 Operator active users (Opera Mini and Skyfire´s Horizon™ service) reached 131 million by the end of 3Q14, up 52% versus the end of 3Q13 Announced that Opera’s Skyfire unit added streaming audio optimization to Rocket Optimizer™ Signed sponsored WebPass contract with Idea Cellular, India’s 3rd-largest mobile operator · § Mobile Publishers & Advertisers – Opera Publisher Partner Members Revenue of $86.9m in 3Q14, up 193% versus 3Q13 Total mobile advertising impressions managed (including O&O) was 187.5 billion in 3Q14, up 9% compared to 3Q13 Completed acquisition of mobile video advertising platform company AdColony · § Desktop Consumers Revenues of $13.9m in 3Q14, flat versus 3Q13 Desktop users reached 51 million by the end of 3Q14, flat versus the end of 3Q13   · § Device OEMs Revenues of $8.0 in 3Q14, up 17% versus 3Q13 Announced the launch of an advertising solution for Connected TVs Guidance 4Q FY14 Guidance: Revenue: Revenue for the company’s fourth fiscal quarter is projected to be in the range of $159m to $169m.  Adj EBITDA*: Adjusted EBITDA for the company’s fourth fiscal quarter is projected to be in the range of $36m to $40m.  FY14 Guidance: Revenue: Revenue for the company’s full fiscal year 2014 is projected to be in the range of $485m to $495m. Adj EBITDA*: Adjusted EBITDA for the company’s full fiscal year 2014 is projected to be in the range of $120m to $124m. Please find the third quarter report (3Q14.pdf), third quarter press release (3Q14_Press_release.pdf) and third quarter presentation (3Q14_presentation.pdf) attached. Webcast: Or Erik Harrell, CFO/CSO Tel: +47 2369 2400 Petter Lade, Investor Relations Tel: +47 2369 2400 About Opera Software ASA Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them and more than 130 mobile operators to deliver the very best possible internet experience to their subscriber base. Opera also helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 800 million. ------------------------------------------------------------------------------------------------------------------------------------------------------- This Press Release contains forward-looking statements. These statements include, among other things,statements regarding future operations and business strategies and future financial condition and prospects.These forward-looking statements are subject to certain risks and uncertainties that could cause our actualresults to differ materially from those reflected in the forward-looking statements. Factors that could causeor contribute to such differences are covered in the Opera Software FY 2013 Annual Report under the heading "Risk Factors." We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties,readers are cautioned not to place undue reliance on such forward-looking statements. *“Adjusted EBITDA”, or Non- IFRS EBITDA, refers to EBITDA excluding stock-based compensation expenses, extraordinary/one-time costs and acquisition costs.

Interim Report Rejlers AB January–September 2014

Third quarter» Revenue increased by 16 per cent to SEK 366.5 million (316.5)» Operating profit was SEK 2.5 million (11.2)» The operating margin amounted to 0.7 per cent (3.5)» Profit after tax was SEK 0.2 million (6.8)» Earnings per share before dilution were SEK 0.02 (0.58)» Diluted earnings per share were SEK 0.02 (0.58)January–September» Revenue increased by 19 per cent to SEK 1,247.4 million (1,049.8)» Operating profit was SEK 16.1 million (55.6)» The operating margin amounted to 1.3 per cent (5.3)» Profit after tax was SEK 9.2 million (43.3)» Earnings per share before dilution were SEK 0.76 (3.80)» Diluted earnings per share were SEK 0.75 (3.80)Statement from President and CEO Peter RejlerCompared to last year, Rejlers showed growth of 16 per cent over the quarter, of which 2 per cent came through organic growth. During the third quarter, we have continued to focus on improving the efficiency and profitability of the Group. We have also increased our sales activities. We are seeing a general improvement in demand for our services on the infrastructure, energy and construction markets. In the industrial market, we can see an increased order intake during the late part of the quarter.The results for the third quarter can be primarily explained by project losses in Norway and the restructuring of the Norwegian operations. We are continuing to monitor operations.Despite the weak economy in Finland, there has been an improvement in profits for the operations there. This improvement in profit is largely explained by a rise in the volume of orders. We see good opportunities for continued growth in the Infrastructure and Energy areas, and we have won new industry assignments despite tough competition in the market.I am now once again acting as general President for operations in Sweden. We are seeing positive development in Sweden, with growth in profitable areas.Rejlers has carried out some work on its strategy, which has resulted in new targets for 2020. Our new growth target is ‘2020–3030–4040’. By 2020, we will have at least 3,030 employees and revenue of at least SEK 4,040 million. We will reach this target by achieving growth of around 15 per cent per year in terms of revenue and 10 per cent in terms of the number of employees – both organically and via acquisitions. We have returned to our long-term financial target of an operating margin of at least 8 per cent. This is the right level for the market conditions and for Rejlers’ current growth plans. We will achieve our targets by being the most successful and healthy company in our industry in the Nordic region. Our specialised engineering expertise within our customer areas allows us to occupy a unique position, one that makes us competitive in the industry.For more information please contact:Peter Rejler, President and CEO, tel. +46 (0)70 602 34 24, e-mail: peter.rejler@rejlers.seMikael Lingefelt, acting CFO, tel. +46 (0)70 929 09 55, e-mail: mikael.lingefelt@rejlers.seRejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,800 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 80 locations in Sweden, Finland and Norway. In 2013, Rejlers had revenue of approx. SEK 1.5 billion and its Class B share is listed on the Nordic list of Nasdaq OMX.


-To own an electronics development and manufacturing company is not within the revised strategy of Q-Free. Furthermore, we believe that Noca and Simpro together will form a stronger unit, than each of the players on a stand-alone basis. Q-Free will remain a customer of Noca and Simpro. We thank the Noca employees for their contribution to Q-Free and wish the company and our former employees all the best in this next phase for Noca, comments CEO of Q-Free, Thomas Falck. -Simpro sees this assignment as part of our growth strategy and to achieve the goal of becoming the preferred supplier of electronics manufacturing and electro-mechanical assembly in both the region and elsewhere. The total market potential after the assignment will be significantly larger than the current revenues for the respective companies indicates, and one will be able to take on more complex and comprehensive projects for both new and existing customers in order to meet the tough competition we experience from low-cost countries, says Erik Dragset, CEO of Simpro. Please see the enclosed material for additional information in accordance with Section 3.4 of Continuing Obligations for companies listed on Oslo Stock Exchange. For further information, please contact: CEO Thomas Falck, cell: +47 468 00 767 CFO Roar Østbø, cell: +47 932 45 175 About Q-Free: Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The Q-Free Group has after the closing of the Noca transaction approximately 400 employees with offices in 17 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR. www.q-free.comTwitter: @Q-FreeASA About Noca: Noca AS was established in 1986, and is a modern supplier of products and solutions within electronics manufacturing and electronic-mechanical assembly to high tech companies. Noca has 45 employees and is located in Trondheim. About Simpro: Simpro is one of the leading Electro Manufacturing Services (EMS) suppliers of high reliability electronics and electro-mechanics for harsh environments. With core competence within radio, ATEX and subsea, Simpro offer the full range from prototypes to volume production with complete assembly, and can be your production partner through the whole value chain from design and development, via industrialisation to production and test - with core focus on the Offshore, Defense, MedTec and Industry segments. Simpro has 52 employees and is located at Løkken Verk.

AlphaGen Securities selects award-winning Orc Flow Control for risk management needs

“We are pleased to be integrating Orc Flow Control into our risk management capabilities,” said Mike Maloney, Risk Manager at AlphaGen Securities. “We have traders pursuing complex trading opportunities in multiple asset classes and the advanced and innovative functionality of Orc Flow Control meets all of our regulatory and internal demands.” Orc Flow Control provides comprehensive multi-market pre-trade risk controls designed to meet common regulatory frameworks. From a single user interface, brokers can set up limits and monitor trading activity in real time for all participants across all markets. The application includes limits based on theoretical values, allowing firms to control order flow based on various market scenarios. “We are excited to partner with AlphaGen Securities on their compliance and risk management needs,” said Jesper Alfredsson, Chief Strategy Officer, Orc Group. “We’ve spent the past year enhancing our platform for both our trading and brokerage customers. We are pleased to see our solutions help them grow their business.” Orc Flow Control was selected “Best New Product for Risk Management of the year” at the 2014 FOW Awards for Asia on September 25, 2014 in Singapore. Since its launch in 2013, it has been successfully deployed in production across major markets in APAC, EMEA and the Americas. About OrcOrc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide.Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world’s increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, we offer true global capabilities. Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses. Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII. For further information, please contact:Jeremie Bacon, President Americas, Orc, Tel: +312 541 4500, email: jeremie.bacon@orc-group.comJessica Titlebaum, Marketing Director, Americas, Orc, Tel: +312 541 4181, email:

Vattenfall investigates ownership options for its lignite operations

Magnus Hall, CEO and president of Vattenfall: – We have a clear strategy to reduce our CO2-exposure and to transform our business into a more renewable based portfolio. The Board of Directors has decided that Vattenfall will explore options for creating a sustainable, new ownership structure for the lignite operations. – We recognize the current and future importance of lignite based generation for the local economy and the German energy policy.  The federal states of Brandenburg and Saxony are key stakeholders for Vattenfall’s activities in the Lusatia region and we will maintain a close dialogue with them in the process. Vattenfall will remain fully committed to its other businesses in Germany, such as district heating, distribution, sales, trading, wind power and other types of power generation.   Vattenfall discloses this information pursuant to the Swedish Securities Market Act. Issued by Vattenfall’s Press Office, telephone: +46-8-739 50 10,   Vattenfall is a Swedish owned energy company with operations in Sweden, Germany, the Netherlands, Denmark, UK and Finland. Since 1 January 2014 Vattenfall has started to operate from two units; the Nordic region and UK/ Continental Europe. Vattenfall’s vision is to create a strong and diversified European energy portfolio and to be among the leaders in developing an environmentally sustainable energy system.

Mercedes-Benz and Garrett McNamara announce the development of two new surfboards

The MBoard project, started by Mercedes-Benz in 2013, ultimately resulted in the production of four boards of a model named “The Silver Arrow of the Seas”. Designed by BBDO Portugal, these boards were developed in partnership with Garrett McNamara for the North Canyon Project and the Mercedes-Benz Design Studio. This was a joint effort, in which dozens of design, research, aerodynamics and materials development specialists helped manufacture the ideal board to surf big waves in Nazaré. In 2014, Mercedes-Benz is taking this challenge further by designing a surfboard entirely made of a local material, traditionally used to manufacture bottle stoppers, whose efficacy, resistance and durability have been proven in a wide range of projects developed all over the world, namely in the aerospace, automobile and textile industries. We are obviously talking of Portuguese cork. In order to produce a surfboard entirely made of cork, we decided to resort to the expertise of the world’s largest cork producer, Corticeira Amorim, a company recognised by its long experience in product research and development, an effort partly undertaken by Amorim Cork Composites. This sustainable material appeared an obvious choice to Garrett, who affirmed that cork is “a highly resistant material, although sufficiently flexible to withhold the impact of big waves”. According to Garrett McNamara, “since Portugal is the world’s largest cork producer, it makes perfect sense to use this material to make high-performance surfboards for surfing in Nazaré. When we surf big waves, we need a flexible board, although resistant enough not to break. It is an honour for me to be involved in the innovative MBoard Project developed by Mercedes-Benz, which now has the support of Corticeira Amorim, as well as the advanced technology of Polen Surfboards.” Garrett McNamara currently holds the record for the biggest wave ever surfed, having secured himself a place in the Guinness Book of Records. Garrett used boards designed by Mercedes-Benz in 2013 to surf big waves in Nazaré at 62.4 km/h, a staggering speed whose measurement was only made possible by the use of a telemetry system developed by Mercedes-Benz within the scope of the MBoard Project. According to Carlos de Jesus, Communications Manager at Corticeira Amorim, “Corticeira Amorim is proud to be involved in this project, which proves that Portuguese companies are able to develop and produce innovative products that meet the quality and design standards of the most demanding companies in the world”. Carlos de Jesus also stressed that “the technical performance of natural cork and, in this particular case, of the Corecork range, is doubtlessly an important asset for extreme sports enthusiasts, namely extreme surfers. Cork also boasts environmentally friendly and sustainable characteristics, which are even more relevant when considering that these products are being targeted at the surfing community, one of the first groups to acknowledge the importance of these issues.” According to Álvaro Costa, from Polen Surfboards, "it is very important and gratifying for Polen to be able to participate in this Mercedes-Benz initiative, as it represents an opportunity for us to engage in research and development in a field in which we have operated for more than 25 years. Only within the scope of a project of this size can certain materials, techniques and technologies be studied and put to the test.” “We have been collaborating closely with Garrett McNamara, a surfer who has spent most of his life surfing big waves and who has provided us with essential knowledge. This partnership not only contributes to add credibility to this initiative, but also validates all the efforts undertaken within the scope of this project, supported by companies such as Amorim Cork Composites.” “Together, we are researching new manufacturing techniques, with a view to creating a unique surfboard, different from any other surfboard ever made. We intend to produce two incredibly effective surfboards, specifically designed to withstand the most extreme conditions. This Portuguese initiative will not only represent a milestone for Polen Surfboards, but also a turning moment in the world’s surfing history." Production of a surfboard in a highly resistant foam Regarding the foam traditionally used in the aerospace industry, which will be used to make a new surfboard for Garrett, it should be stressed that the technological characteristics of this material will allow the manufacturing of a board without a stringer (a longitudinal component often found inside the surfboard, which allows for ideal robustness and flexibility). Garrett McNamara expects this surfboard to boast “…maximum flexibility without loss of strength, in order to withstand big waves at the Nazaré North Canyon”. Polen Surfboards is also involved in the development of this board for Garrett, within the scope of the MBoard Project. According to Parker Borneman, CEO of Varial Surf Technology - "Varial Foam is the world's first advanced aerospace foam core designed specifically for surfboards. This new high modulus core technology yields a stronger, lighter, more responsive board - while enabling a larger range of custom flex patterns." To Jorge Aguiar, Marketing Manager at Mercedes-Benz, “the MBoard Project 1.0, developed in 2013 with the support of the Daimler Group Design Centre, resulted in the production of the first board (MBoard 1.0) specifically designed for surfing big waves in Nazaré, based on Portuguese technology. In 2014, we intend to develop two new boards (MBoard 2.0 and MBoard 3.0), based on the results achieved by Garrett with the MBoard 1.0 at the Nazaré North Canyon.” “For this purpose, we have established partnerships with two Portuguese companies, Corticeira Amorim and Polen Surfboards. We would like this to be a Portuguese project, although with global impact, since we believe we will most likely become the best towboard manufacturers in the world.” “With these two unique surfboards we are seeking to find the perfect balance between weight, flexibility and speed, in order to allow Garrett to surf the famous North Canyon waves again, something we believe will happen soon.” “We should seek to stand out from our competitors when building a brand targeted at our customers and prospective customers, in order to encourage greater proximity between the Brand, the products and the consumers. In this sense, the MBoard Project has already accomplished these goals, both in Portugal and abroad.  We are obviously making history in the surfing world, just like Garrett McNamara did when he surfed the biggest wave in Nazaré.  Above all, working with Garrett has been a privilege and an opportunity to learn even more. We expect to find out how the new technology used in these two surfboards will improve performance in the near future,” affirmed Jorge Aguiar. Mercedes-Benz establishes partnership with to develop new features In addition to the development of the two aforementioned surfboards, other news give an account of the increasingly close relationship between Mercedes-Benz and the surfing world. This month, Mercedes-Benz will be presenting a new project, developed in partnership with, whose scope included the development of new features on this website, accessed daily by thousands of surfers seeking waves and news. In addition to Live HD Cams, which broadcast live images from several beaches all over the country, the portal will now include real-time weather information, as a result of the installation of weather stations on all main beaches in Portugal. Users will thus be able to access this information for free, in order to find out which beaches offer the best conditions. Moreover, users will also be able to access an exclusive Mercedes-Benz news channel containing information specifically targeted at the vast surfing community. According to Jorge Aguiar, “Mercedes-Benz has been rejuvenated. In addition to being the most recognised automobile brand in Portugal, Mercedes-Benz offers the widest range of models aimed at this target group. In this sense, and because we wish to forge increasingly closer relationships with our customers, we were the first automobile company to develop an information platform specifically aimed at ocean lovers.” According to Vasco Silva, Director of Beachcam Portugal, “it gives us great pleasure to present the new, developed in partnership with Mercedes-Benz. This partnership will bring a wealth of benefits to the entire surfing community, which, as we know, relies heavily not only on sea conditions, but also on weather conditions.” Mercedes-Benz becomes official sponsor of the North Canyon Project In line with the large surfing events organised in Portugal and recognising the increasing popularity and potential of this sport, Mercedes-Benz and Nazaré Qualifica have recently signed a sponsorship agreement for the North Canyon Project. Mercedes-Benz is thus very proud to have once again been chosen by Nazaré Qualifica to transport the bold surfers who accompany Garrett McNamara. According to the Mayor of Nazaré, Walter Chicharro, “Nazaré, a location where the earth and the sea have been one and the same since time immemorial, is currently a spot not to be missed by the global surfing community. In this sense, we are extremely pleased to have Mercedes-Benz as our partner for the second consecutive year and feel grateful for their commitment to producing boards specifically designed for surfing big waves at the Nazaré North Canyon.” The North Canyon Project by Garrett and his team will take place at the North Beach, in Nazaré, from October to November 2014. Several international surfers will join this event for the opportunity to surf big waves in Nazaré, in an attempt to set a new world record.

Nokian Tyres plc Interim Report January-September 2014

Nokian Tyres plc Interim Report 31 October 2014, 8 a.m. Nokian Tyres plc Interim Report January-September 2014: Economic situation in Russia and CIS impacts results - performance in western markets improved 7-9/2014 Nokian Tyres Group’s Net sales decreased by 8.2% to EUR 327.7 million (EUR 357.0 million in 7-9/2013). Operating profit was down by 24.6% to EUR 72.1 million (95.7). Operating profit percentage was 22.0% (26.8%). Profit for the period decreased by 24.6% amounting to EUR 53.4 million (70.9). Earnings per share were down by 24.1% to EUR 0.40 (EUR 0.53). 1-9/2014 Nokian Tyres Group’s Net sales decreased by 9.0% to EUR 1,009.2 million (EUR 1,109.1 million in 1-9/2013). Currency rate changes cut Net sales by EUR 60.0 million compared with the rates in the corresponding period in 2013. Operating profit was down by 20.9% to EUR 231.2 million (292.2). Operating profit percentage was 22.9% (26.3%). Profit for the period decreased by 28.1% amounting to EUR 158.3 million (220.1). Earnings per share were down by 28.5% to EUR 1.19 (EUR 1.66). Key figures, 7-9/14 7-9/13 Change% 1-9/14 1-9/13 Change% 2013EUR million:Net sales 327.7 357.0 -8.2 1,009.2 1,109.1 -9.0 1,521.0Operating 72.1 95.7 -24.6 231.2 292.2 -20.9 385.5profitOperating 22.0 26.8 22.9 26.3 25.3profit %Profit 61.7 83.4 -26.1 196.2 255.1 -23.1 312.8before taxProfit for 53.4 70.9 -24.6 158.3 220.1 -28.1 183.7the periodEarnings per 0.40 0.53 -24.1 1.19 1.66 -28.5 1.39share, EUREquity 63.3 65.6 67.6ratio, %Cash flow -95.3 -94.3 -1.1 -120.8 -190.2 36.5 325.6fromoperationsRONA,% 18.1 21.6 20.2(roll. 12months)Gearing, % 27.7 28.9 -4.1 Financial guidance (updated) In 2014, Net sales and Operating profit are to decline compared to 2013. Operating profit is estimated to be approximately EUR 300-320 million. Previous guidance from 8 Aug 2014 In 2014, Net sales and Operating profit are to decline compared to 2013. Ari Lehtoranta, President and CEO: “We have been fighting this year to compensate the negative impacts from the effects of the Russia-Ukraine crisis; currencies in Russia and CIS weakened clearly against the Euro, and the purchasing power started to fall. This made consumers buy less and cheaper products. These factors resulted in a clearly weakened ASP for Nokian Tyres. Our team in Nokian Tyres has provided solid results in this turbulent business environment. We reached the same sales volume as in the first nine months of 2013, and when excluding Russia and CIS, our profitability has improved. We will make a strong Cash flow in full year 2014. Currency rate changes cut our Net sales directly by EUR 60 million, which was one factor to cause our profitability to drop by 3.4 percentage points. Thanks to the declining raw material cost, improved productivity and running a tight ship, our profitability remained on a good 23% EBIT level. The mid-term visibility is poor at the moment, but we are in a good position to pursue future success. The company has a strong balance sheet and an efficient industrial structure with potential to grow. The continuous success of our product line in the European tyre tests is expected to reward us in coming years. Our distribution is expanding with a good pace; the current number of Vianor stores is 1,302 and the NAD network has already grown to 773 stores. We are targeting to maintain our tradition of improving our market position in our core markets, both in good and in bad times. Despite the current turmoil, in the Russian economy in particular, Nokian Tyres continues to be a profitable, growth-seeking company.” Market situation The geopolitical turmoil threats the global economic growth. So far USA has been the growth engine with supportive monetary policy, improved industrial production and strong employment ratio giving fuel for growth. The European economy showed growth in the beginning of the year, but hit by the Ukraine conflict, the growth has slowed down. Even though many of the emerging economies are currently weak and geopolitical risks have remained, the global GDP is expected to grow by 3.4% in 2014. In Nokian Tyres’ core markets the Nordic countries continue to show slow but comparatively stable development with a full year 2014 GDP growth estimate of 1-2%. Due to the prolonged Ukraine crisis, oil price levelling off, and slow investments, the growth in Russia is expected to be weak with full year 2014 GDP growth estimated currently at 0%. In Russia the consumer spending has been held back by the devalued Rouble combined with high inflation and interest rates. The sales of new cars in 1-9/2014 in Russia decreased by 13.0% compared to 1-9/2013. The decline of car sales has slowed down due to the renewed government program of car recycling and trade-in support, but overall trend continues to be negative. New car sales are estimated to decline 15-17% in full year 2014 vs. 2013. However, the total amount of vehicles on the road is growing every year by some 0.8–1.0 million units. In the review period the sell-in volume for A and B segment tyres in Russia decreased, and the full year 2014 tyre market volume is estimated to decline by 5-10%. The mid class B-segment tyres’ share of total market increases weakening market mix, which combined with the devaluation of the Rouble results in lower average sales prices in Russia. During the review period the tyre industry has not succeeded in passing through price increases. The overall pricing environment in Russia is currently tight. In Europe the sales of new cars increased in the review period by 6% year-over-year. Replacement car tyre sell-in to distributors increased by 5% compared to 1-9/2013. Inventory levels in distribution have been lower than a year ago and tyre demand is estimated to show healthy growth in Central Europe in 2014. The pricing pressure has, however, tightened in Central Europe. In the Nordic countries the new car sales in 1-9/2014 increased by 9% year-over-year. The market volume of car tyres showed a decrease of 2% compared to 1-9/2013. The demand for special heavy tyres has started to recover. Forestry tyre and radial heavy tyre demand have turned back to growth and are expected to continue improving during the rest of 2014. Truck tyre demand has been recovering during the review period. In Europe the sell-in of premium truck tyres was up by 6%, and in the Nordic countries the demand increased by 13% year-over-year. The recovery is expected to continue in all Nokian Tyres’ western markets in 2014. However, the premium truck tyre demand in Russia decreased by 13% compared to 1-9/2013. Raw materials The tailwind from tyre industry raw material prices is expected to continue in 2014. The raw material cost (€/kg) for Nokian Tyres was down 13.9% in 1-9/2014 year-over-year, savings of approximately EUR 42.8 million. The raw material cost is estimated to decrease by 10% in H2/2014 versus H2/2013 and to decrease by 13% in full year 2014, providing a tailwind of EUR 50 million versus 2013.July-September 2014 Nokian Tyres Group recorded Net sales of EUR 327.7 million (357.0), showing a decrease of 8.2% compared with Q3/2013. In the Nordic countries sales increased by 1.2% year-over-year. Sales in Russia decreased by 22.4%. Russia and CIS consolidated sales dropped by 33.9%. In Other Europe sales were down by 12.1% and in North America sales increased by 11.9%. Raw material cost (EUR/kg) in manufacturing decreased by 10.3% year-over-year and decreased by 6.7% versus the second quarter of 2014. Fixed costs amounted to EUR 93.3 million (95.0), accounting for 28.5% (26.6%) of Net sales. Nokian Tyres Group's Operating profit amounted to EUR 72.1 million (95.7). The Operating profit was negatively affected by expensed credit losses and provisions of EUR 1.2 million (2.5). Net financial expenses were EUR 10.5 million (12.3). Net interest expenses were EUR 3.0 million (5.4). Net financial expenses include EUR 7.5 million (6.8) of exchange rate differences. Profit before tax was EUR 61.7 million (83.4). Profit for the period amounted to 53.4 million (70.9), and EPS were EUR 0.40 (EUR 0.53). Income financing after the change in working capital, investments and the disposal of fixed assets (Cash flow from operations) was EUR -95.3 million (-94.3). January-September 2014 Nokian Tyres Group recorded Net sales of EUR 1,009.2 million (1,109.1), showing a decrease of 9.0% compared with 1-9/2013. Currency rate changes cut Net sales by EUR 60.0 million. In the Nordic countries sales increased by 1.1% representing 36% (32%) of the group’s total sales. Sales in Russia decreased by 29.7%. Russia and CIS consolidated sales were down by 33.5% and formed 27% (37%) of the group’s total sales. In Other Europe sales were up by 2.6% year-over-year representing 26% (23%) of the group’s total sales. In North America sales increased by 20.2% and were 9% (7%) of the group’s total sales. Sales of Passenger Car Tyres were down by 11.6% representing 71% (74%) of the group’s total sales. Heavy Tyres’ sales decreased by 1.5% and were 10% (9%) of the group’s total sales. Vianor’s sales increased by 1.0% forming 18% (17%) of the group’s total sales. Raw material cost (EUR/kg) in manufacturing decreased by 13.9% year-over-year. Fixed costs amounted to EUR 290.3 million (297.2), accounting for 28.8% (26.8%) of Net sales. Total salaries and wages were EUR 142.4 million (136.7). Nokian Tyres Group's Operating profit amounted to EUR 231.2 million (292.2). The Operating profit was negatively affected by the IFRS 2 -compliant option scheme write-off of EUR 8.0 million (10.2) and expensed credit losses and provisions of EUR 4.8 million (5.9). Net financial expenses were EUR 35.0 million (37.1). Net interest expenses were EUR 12.1 million (13.3) including EUR 1.6 million penalty interests related to additional taxes. Net financial expenses include EUR 22.9 million (23.9) of exchange rate differences. Profit before tax was EUR 196.2 million (255.1). Profit for the period amounted to EUR 158.3 million (220.1), and EPS were EUR 1.19 (EUR 1.66). Return on net assets (RONA, rolling 12 months) was 18.1% (21.6%). Income financing after the change in working capital, investments and the disposal of fixed assets (Cash flow from operations) improved by EUR 69.4 million and was EUR -120.8 million (-190.2), indicating a strong Cash flow in full year 2014. The Group employed an average of 4,235 (4,153) people, and 4,271 (4,201) at the end of the period. The equity-owned Vianor tyre chain employed 1,534 (1,497) people and Russian operations 1,338 (1,344) people at the end of the period. Investments Investments in the review period amounted to EUR 59.1 million (104.8). This comprises of production investments in the Russian and Finnish factories, moulds for new products and the Vianor expansion projects. Financial position on 30 September 2014 Gearing ratio was 27.7% (28.9%). Interest-bearing net debt amounted to EUR 362.3 million (417.2). Equity ratio was 63.3% (65.6%). The Group’s interest-bearing liabilities totalled EUR 415.3 million (502.8) of which current interest-bearing liabilities amounted to EUR 129.9 million (316.9). The average interest rate of interest-bearing liabilities was 2.5% (3.5%). Convertible bond of EUR 150 million, issued 2007, matured on 27 June 2014. Cash and cash equivalents amounted to EUR 53.0 million (85.7). At the end of the review period the company had unused credit limits amounting to EUR 476.7 million (536.7) of which EUR 255.8 million (305.9) were committed. The current credit limits and the commercial paper program are used to finance inventories, trade receivables, subsidiaries in distribution chains and thus control the typical seasonality in the Group’s cash flow due to changes in the working capital. Tax rate Nokian Tyres U.S. Finance Oy, a subsidiary of Nokian Tyres plc (ownership 100% of shares), received in April 2014 a reassessment decision from the Finnish Tax Administration, according to which the company is obliged to pay EUR 11.0 million additional taxes with punitive tax increases and interests concerning tax years from 2008 to 2012. From the amount EUR 7.9 million is additional taxes and EUR 3.1 million punitive tax increases and interests. The company has recorded them in full to the financial statement and result of year 2014. Large Taxpayers’ Office carried out a tax audit concerning the Finnish Business Tax Act, where the Tax Administration raised an issue about the restructuring of the sales company and acquisitions of Nokian Tyres Group in North America totally ignoring the business rationale and corresponding advance rulings presented by the company. Nokian Tyres U.S. Finance Oy considers the reassessment decision of the Tax Administration as unfounded and has appealed against it by leaving the claim for rectification to the Board of Adjustment and, if necessary, the company will continue the appeal process in the Administrative Court. Due to the additional taxes, the Group’s tax rate was 19.3% (13.7%) in the review period. Tax rate excluding the additional taxes was 14.6%. The tax rate was positively affected by tax incentives in Russia based on present investments and further investment-related incentive agreements. The new agreed tax benefits and incentives came into force in the beginning of 2013. The agreement will prolong the benefits and incentives until approximately 2020. Nokian Tyres Group has another pending dispute with the Finnish Tax Administration about EUR 100.3 million of additional taxes with punitive tax increases and interests, concerning years 2007-2010. The Company has recorded the total sum in full in the financial statement and result of year 2013. Nokian Tyres’ viewpoint is expected to get support from a recent ruling in Finland. In another company’s case the Finnish Supreme Administrative Court issued on 3 July 2014 a ruling, which includes an opposite view on transfer pricing compared to the interpretation of the Finnish Tax Administration. In the ruling it is clear that the interpretation of the Finnish legislation could not be extended on the basis of the OECD Transfer Pricing Guidelines. The estimated tax rate going forward will depend on the timetable and final result of the appeal processes against the Finnish Tax Administration. If the claim to the Administrative Court does not lead to annulment of the tax decisions, the Group's corporate tax rate is expected to rise in the next 5 years, from the previously announced 17 per cent to a maximum of 22 per cent. PASSENGER CAR TYRES 7-9/14 7-9/13 Change% 1-9/14 1-9/13 Change% 2013 Net sales, m€       244.7 273.8 -10.6 765.3 865.4 -11.6 1,137.0Operating profit, m€ 73.3 96.3 -23.9 236.8 303.3 -21.9 378.5Operating profit, %   30.0 35.2 30.9 35.0 33.3RONA,% (roll.12 24.2 29.9 28.2m.)                                 The Net sales of Nokian Passenger Car Tyres totalled EUR 765.3 million (865.4), down by 11.6% from the corresponding period a year earlier. Operating profit amounted to EUR 236.8 million (303.3). Operating profit percentage was 30.9% (35.0%). The global sales volume of Nokian car tyres increased slightly in 1-9/2014 year-over-year. Net sales dropped 11.6% due to currency devaluations and a weaker mix. Sales in Russia and CIS declined clearly due to a weaker sales mix, lower ASP and lower volumes in line with general market changes triggered by uncertainty and the Russian-Ukrainian crisis. Passenger car tyre sales volume excluding Russia/CIS showed growth and the company’s market share and profitability improved in the Nordic countries, Central Europe and North America. The market share was flat in Russia/CIS. The Average Selling Price decreased due to currency devaluations, a weaker sales mix and the price pressure still prevailing in all markets. For the most part the ASP drop results from the currency impact and secondly from the mix impact. A small part comes from price reductions, which reflect the tight competitive situation and reductions in material costs partly passing through to tyre prices. Winter tyres represented 80% (80%) of sales volume. The share of mid segment tyres and sales to CE increased clearly. Raw material costs (€/kg) were down by 14% year-over-year, which together with improved productivity and lower fixed costs supported margins. In autumns 2013 and 2014 Nokian tyres dominated the winter tyre tests with several victories in Nordic and Russian car magazines, which are expected to boost winter tyre sales in 2014. Particularly noteworthy were the Central European winter tyre test results, which have been a success for Nokian Tyres with test wins in key markets. The new Nokian summer tyre range won several car magazines’ tests in the core markets and in Central Europe in spring 2014. In September 2014 Nokian Tyres introduced five new SUV summer tyres and a renewed van tyre selection. These special products that are tailored for the growing SUV segment are aimed at the company's main markets in the Nordic countries, Central Europe, and Russia. The annualized capacity of the Finnish and Russian factories amounts to over 20 million tyres, with shift arrangements. In 2014, the capacity will not be fully utilized. In the review period 79% (81%) of Nokian car tyres (pcs) were manufactured in the Russian factory. Production output (pcs) increased in 1-9/2014 by 5.7% and productivity (kg/mh) improved by 4.4% year-over-year. The target for 2014 is to increase sales volume (pcs) in all western markets, to win market share in Russia, the Nordic countries and Central Europe with new products, to expand distribution further and to improve productivity. HEAVY TYRES 7-9/14 7-9/13 Change% 1-9/14 1-9/13 Change% 2013Net sales, m€       36.9 39.9 -7.6 108.1 109.8 -1.5 149.7Operating profit, m€ 6.9 6.2 11.8 16.8 14.8 13.6 20.4Operating profit, %   18.8 15.5 15.6 13.5 13.6RONA,% (roll.12 20.5 16.2 17.7m.)                                 The Net sales of Nokian Heavy Tyres totalled EUR 108.1 million (109.8), down by 1.5% year-over-year. Operating profit increased to EUR 16.8 million (14.8), and the Operating profit percentage improved to 15.6% (13.5%). Heavy machinery tyres The demand is recovering in many of the heavy tyre product groups. The order book of Nokian Heavy Tyres is healthy and the demand exceeded delivery capacity in some product groups in the review period. Sales were up by 2% in 1-9/2014 year-over-year, with forestry tyre sales up by 17%. Average Selling Price decreased year-over-year due to a challenging pricing environment. Margins were supported by lower raw material cost and improved productivity. The production output (tonnes) in 1-9/2014 was up by 7% year-over-year, but it was not enough to meet the higher demand. A ramp-up of the production utilization rate from year-turn 65% to in excess of 90% has been completed during Q3/2014. The factory modernization and automation have already opened bottlenecks, as well as improved product quality, flexibility, and productivity. Truck tyres and retreading materials In the review period the sales of Nokian truck tyres decreased 7.5% year-over-year. The highest growth figures in demand and sales were shown in Finland, Czech Republic and North America. In Russia and CIS the sales declined due to the economic uncertainty. A restructuring of the Heavy Tyres operation to include also the Truck tyre profit center was done in the end of 2013 and the new organization has become effective from the beginning of 2014. Synergies are expected to materialize both in sales and in fixed costs already in 2014. The demand in Nokian core heavy machinery tyres as well as truck tyres are estimated to grow in OEM and in the replacement market in 2014. The focus is to increase sales especially in forestry, radial heavy tyres and truck winter tyres, to increase production output, and to improve productivity. VIANOR Equity-owned operations 7-9/14 7-9/13 Change% 1-9/14 1-9/13 Change% 2013 Net sales, m€       66.7 65.3 2.3 197.3 195.3 1.0 312.5Operating result, m€   -4.1 -4.7 12.6 -11.1 -14.6 24.3 -1.8Operating result, %     -6.2 -7.2 -5.6 -7.5 -0.6RONA,% (roll.12 1.0 -1.6 -1.1m.)                                 At the end of the review period Vianor had 189 (183) equity-owned stores in Finland, Sweden, Norway, USA, Switzerland and Russia. Vianor’s Net sales amounted to EUR 197.3 million (195.3), up by 1.0% compared with 1-9/2013. Operating result was EUR -11.1 million (-14.6) and the Operating result percentage was -5.6% (-7.5%). Vianor succeeded in its strategic task of expanding distribution and was able to win market shares in a challenging market situation. Net sales improved year-over-year despite some unfavourable currency effect from SEK and NOK against the EUR. The strongest sales growth was recorded in car services, truck tyres and car spare parts. Operating result improved but was seasonally negative, as expected. Operating result is estimated to be positive in full year 2014. The gradual change of operating model from tyre sales to full car service in the stores continues with investments and local acquisitions of car service shops. At the end of the review period a total of 56 car service operations have been acquired and integrated with existing Vianor stores in the Nordic countries. Service sales increased by 6%, including car service sales growth of 24%. The expansion of the network, increasing consumer tyre sales and the development of service sales are proceeding as planned. Franchising and partner operations Vianor expanded the retail network in Nokian Tyres’ key markets by 96 stores during 1-9/2014. At the end of the review period the Vianor network comprised of totally 1,302 stores of which 1,113 were partners. Vianor operates in 27 countries; most extensively in the Nordic countries, Russia and Ukraine. Nokian Tyres’ market shares improved as a result of the expansion in each respective country. Expanding the partner franchise network will continue according to plans; the target is to have 1,340 Vianor stores by the end of 2014. A softer partner franchise model, Nokian Tyres Authorized Dealers (NAD), expanded in 1-9/2014 by 341 stores totalling 773 stores contracted in 9 Central European countries and China. The target of the expansion is to reach 900 NAD stores by the end of 2014. RUSSIA AND THE CIS COUNTRIES Nokian Tyres’ sales 1-9/2014 in Russia decreased year-over-year by 29.7% to EUR 289.3 million (411.7). Sales in CIS countries (excluding Russia) were EUR 12.8 million (42.4), Ukrainian sales being hit hard by the crisis situation. Consolidated sales in Russia and CIS decreased by 33.5% to EUR 302.1 million (454.0). The sales volume decreased due to the economic turmoil in Russia and CIS. Sales were also negatively affected by distributors’ carry-over stocks from two consecutive weak summer tyre consumer seasons in 2012-2013. The decrease of sales value (€) and ASP relates mostly to currencies weakening against the Euro, and a weaker sales mix caused by an increase in the B-segment share of winter tyres. The distribution network was extended by signing additional distribution agreements and expanding the Vianor network by 30 stores. There were a total of 651 Vianor stores in 371 cities in Russia and CIS countries at the end of the review period. The Hakka Guarantee network and other retail partners working closely with Nokian Tyres in Russia comprised of 3,600 tyre stores, Vianor shops, car dealers, and web shops. The Nokian Tyres plant located in Russia inside the customs borders combined with strong brands and an expanding distribution provides a significant competitive edge on the market. Nokian Tyres will continue to target outperforming the market in Russia in 2014, but in the current market situation this implies flat or slightly declined sales volume against the clearly falling market. The weaker Rouble will have a clear negative impact on reported sales in Euros. By Russia joining WTO, the tyre duties will go down gradually; import duty of car and van tyres has decreased from 18% to 16% in September 2014 and the official target is 10% in 2017. OTHER MATTERS 1. Stock options on the NASDAQ OMX Helsinki Stock Exchange The total number of stock options 2010A was 1,320,000. Each stock option 2010A entitled its holder to subscribe for one Nokian Tyres plc share. It was possible to subscribe shares with the stock options 2010A during 1 May 2012 - 31 May 2014. The last share subscription price with stock options 2010A was EUR 13.39/share. The dividends payable annually were deducted from the share subscription price. The total number of stock options 2010B is 1,340,000. Each stock option 2010B entitles its holder to subscribe for one Nokian Tyres plc share. The shares can be subscribed with the stock options 2010B during 1 May 2013 - 31 May 2015. The present share subscription price with stock options 2010B is EUR 28.80/share. The dividends payable annually shall be deducted from the share subscription price. The total number of stock options 2010C is 1,340,000. Each stock option 2010C entitles its holder to subscribe for one Nokian Tyres plc share. The shares can be subscribed with the stock options 2010C during 1 May 2014 - 31 May 2016. The present share subscription price with stock options 2010C is EUR 32.40/share. The dividends payable annually shall be deducted from the share subscription price. 2. Shares subscribed with option rights After 13 December 2013 registered new shares a total of 57,595 Nokian Tyres plc's shares have been subscribed with the 2010A option rights and 40 shares with the 2010B option rights. New shares have been registered into the Trade Register on 19 February 2014, as of which date the new shares have established shareholder rights. The share capital will not increase with subscriptions made by 2010 option rights. The entire subscription price of EUR 855,919.80 was entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of Nokian Tyres plc shares increased to 133,344,731 shares. After 19 February 2014 registered new shares a total of 60 760 Nokian Tyres plc's shares have been subscribed with the 2010A option rights and 120 shares with the 2010B option rights. New shares have been registered into the Trade Register on 15 May 2014, as of which date the new shares have established shareholder rights. The share capital will not increase with subscriptions made by 2010 option rights. The entire subscription price of EUR 818,808.65 was entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of Nokian Tyres plc shares increased to 133,405,611 shares. After 15 May 2014 registered new shares a total of 65,222 Nokian Tyres plc's shares have been subscribed with the 2010A option rights. These option rights are attached to the Nokian Tyres plc's Option Program of 2010. The subscription time with the 2010A option rights ended on 31 May 2014. New shares have been registered into the Trade Register on 20 August 2014, as of which date the new shares have established shareholder rights. The share capital will not increase with subscriptions made by 2010 option rights. The entire subscription price of EUR 873,322.58 was entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of Nokian Tyres plc shares increased to 133,470,833 shares. 3. Share price development The Nokian Tyres’ share price was EUR 23.88 (EUR 37.54) at the end of the review period. The volume weighted average share price during the period was EUR 28.60 (EUR 33.56), the highest EUR 36.19 (EUR 38.49) and the lowest EUR 22.84 (EUR 29.85). A total of 149,576,611 shares were traded during the period (97,837,785), representing 112% (74%) of the company's overall share capital. The company’s market value at the end of the period amounted EUR 3.187 billion (EUR 4.996 billion). The percentage of Finnish shareholders was 39.9% (36.4%) and 60.1% (63.6%) were foreign shareholders registered in the nominee register. This figure includes Bridgestone's ownership of approximately 15%. 4. Decisions made at the Annual General Meeting On 8 April 2014, Nokian Tyres Annual General Meeting accepted the financial statements for 2013 and discharged the Board of Directors and the President and CEO from liability. 4.1. Dividend The meeting decided that a dividend of EUR 1.45 per share shall be paid for the period ending on 31 December, 2013. The dividend was paid to shareholders included in the shareholder list maintained by Euroclear Finland Ltd on the record date of 11 April 2014. The dividend payment date was decided to be 25 April 2014. 4.2. Members of the Board of Directors and Auditor The meeting decided that the Board of Directors has seven members. Current members Kim Gran, Hille Korhonen, Risto Murto, Hannu Penttilä and Petteri Walldén will continue in the Board of Directors. Two new members were chosen to the Board: Mr Raimo Lind and Ms Inka Mero. Authorised public accountants KPMG Oy Ab continue as auditors. 4.3. Remuneration of the Members of the Board of Directors The meeting decided that the fee paid to the Chairman of the Board is EUR 80,000 per year, while that paid to Board members is set at EUR 40,000 per year. With the exception of the President and CEO, members of the Board are also granted an attendance fee of EUR 600 per Board or committee meeting. In addition, 50% of the annual fee be paid in cash and 50% in company shares, such that in the period from 9 April to 30 April 2014, EUR 40,000 worth of Nokian Tyres plc shares will be purchased at the stock exchange on behalf of the Chairman of the Board and EUR 20,000 worth of shares on behalf of each Board member. This means that the final remuneration paid to Board members is tied to the company’s share performance. No separate compensation will be paid to the President and CEO for Board work. 5. Committees of the Board of Directors In the Board meeting on 8 April 2014 the members for two committees were decided. The members of the Nomination and Remuneration committee are Petteri Wallden (chairman), Hille Korhonen and Hannu Penttilä. The members of the Audit committee are Raimo Lind (chairman), Inka Mero and Risto Murto. 6. Corporate social responsibility Nokian Tyres published its Corporate Sustainability Report on June 2014. The renewed report, which was implemented according to the revised GRI G4 guidelines, has been published as a web version at In addition to product safety and quality, profitable growth, good HR management, and environmental issues are important for the development of sustainable business operations in Nokian Tyres. Nokian Tyres plc is qualified to the OMX GES Sustainability Finland GI index. The index is designed to provide investors with a liquid, objective and reliable benchmark for responsible investment. The benchmark index comprises of the 40 leading NASDAQ Helsinki listed companies in terms of sustainability. The index criteria are based upon international guidelines for environmental, social and governance (ESG) issues. The index is calculated by NASDAQ in cooperation with GES Investment Services. 7. Forming of the new Heavy Tyres profit centre as of 1st January 2014 Nokian Tyres integrated the Heavy Tyres and Truck Tyres profit centers and formed a new profit centre as of 1st January 2014. The combined Net sales of the two profit centres were approximately EUR 150 million in 2013 and they employ about 280 people in Nokia, Finland. The integration of two business units’ resources, operations and management is expected to improve sales and profitability. 8. Changes in ownership Nokian Tyres received a notification from EuroPacific Growth Fund on 19 February 2014, according to which the total holding of EuroPacific Growth Fund in Nokian Tyres plc exceeded 5% as a result of a share transaction concluded on 18 February 2014. Nokian Tyres received an announcement from Bridgestone Corporation on 16 May 2014, according to which Bridgestone’s ownership of Nokian Tyres plc decreased below the level of 15%. As a result of the registration of shares subscribed with the 2010A and 2010B option rights on 15 May 2014, the number of Nokian Tyres’ shares increased to 133,405,611. After the increase, the ownership of Bridgestone Corporation (20,000,000 shares) decreased below the level of 15% to 14.99% of shares and voting rights. Nokian Tyres received a notification from EuroPacific Growth Fund on 25 July 2014, according to which the total holding of EuroPacific Growth Fund in Nokian Tyres plc fell below 5% as a result of a share transaction concluded on 23 July 2014. 9. New financial guidance on 3 April 2014 With a Stock exchange release on 3 April 2014 Nokian Tyres announced that in 2014, Net sales and Operating profit are to decline compared to 2013. It was explained that the clearly devalued Rouble has hurt Russian economy and the purchasing power of Russian consumers, thus weakening tyre demand and Nokian Tyres’ sales in Russia. Nokian Tyres estimated growth in 2014 in all its western markets: Nordic countries, Central Europe and North America. 10. Ari Lehtoranta appointed new President and CEO of Nokian Tyres The Board of Directors of Nokian Tyres announced on 27 May 2014 that it has appointed Mr. Ari Lehtoranta, 51, M.Sc. (Eng.), as the new President and Chief Executive Officer of Nokian Tyres plc. He started in Nokian Tyres on 1 September 2014 and as President and CEO on 1 October 2014. Nokian Tyres’ former President and CEO Kim Gran continued in his position until 30 September 2014 and then used his option to retire. Gran had been leading the company since 1 September 2000. He continues as a member of the Board of Directors of Nokian Tyres. 11. Nokian Tyres introduced five new SUV summer tyres and a renewed van tyre selection on 1st September 2014 The company is growing its product selection by five new SUV tyres. Its ever-expanding SUV product selection is the most modern on the market, utilising aramid fibre that is also employed by the aviation and military industries. The extremely strong sidewall structure provides much-needed durability and safety for demanding road conditions and surprising situations. Combined with precise handling, the unique durability provides exceptional driving pleasure to drivers of powerful SUVs. These special products that are tailored for the growing SUV segment are aimed at the company's main markets in the Nordic countries, Central Europe, and Russia. 12. Matters after the review period 12.1. Adjustments to production in the Finnish factory The statutory negotiations at Nokian Tyres’ Finnish factory concerning workers and staff in car tyre production, maintenance and quality departments ended on 9 October 2014. Adjustments to production capacity utilization as well as cost savings will be achieved mainly with temporary lay-offs and transfers to new positions. In addition, a pension plan for two employees comes into effect. The car tyre production will be cut through temporary lay-offs by not more than 21 production days during 2014, and by a maximum of 38 production days in 2015, subject to the market situation. The Nokian Tyres’ Finnish factory has approximately 570 workers and staff in the car tyre production. RISKS, UNCERTAINTY AND DISPUTES IN THE NEAR FUTURE Russia and CIS consolidated sales formed 27% of the group’s total sales in the review period. Due to the oil price levelling off, high interest rates, slow investments, and the prolonged Ukraine crisis, the growth in Russia is expected to be weak with full year 2014 GDP growth estimated currently at 0%. About 80% of present Nokian production volume of car tyres is in Russia. Trade barriers by USA and EU against Russia have to date had little to no effect on Nokian Tyres’ operations as such. The indirect effects have gradually emerged in the form of weaker consumer purchasing power, and the product mix shifting to cheaper products in Russia and Ukraine. An escalation or prolongation of the Ukrainian crisis and additional trade barriers may have further negative effects on the company’s sales and results. All in all the economic uncertainties may weaken future demand for tyres and increase credit risk. The company’s receivables increased in the review period due to seasonality and business model. Tyre inventories are on a planned level. The company follows the development of NWC very closely. At the end of the review period the Russian trade receivables accounted for 41% (39%) of the Group’s total trade receivables. Around 35% of the Group’s Net sales in 2014 are estimated to be generated from Euro-denominated sales. The most important sales currencies in addition to the Euro are the Russian Rouble, the Swedish and Norwegian Krona, and the US Dollar. Nokian Tyres’ other risks and uncertainty factors relate to the challenging pricing environment of tyres. The maintaining of profitability in case of rising raw material prices depends on the company’s ability to raise tyre prices in line with the increasing raw material cost. Tax disputes Nokian Tyres Group has a pending dispute with the Finnish Tax Administration about EUR 100.3 million of additional taxes with punitive tax increases and interests, concerning years 2007-2010. The Company has recorded the total sum in full in the financial statement and the result of year 2013. The Company has applied for and received a stay of execution from the Finnish Tax Administration and therefore additional taxes are not paid.   Nokian Tyres U.S. Finance Oy, a subsidiary of Nokian Tyres plc (ownership 100% of shares), received in April 2014 a reassessment decision from the Finnish Tax Administration, according to which the company is obliged to pay EUR 11.0 million additional taxes with punitive tax increases and interests concerning tax years from 2008 to 2012. From the amount EUR 7.9 million is additional taxes and EUR 3.1 million punitive tax increases and interests. The company has recorded them in full to the financial statement and result of year 2014. Nokian Tyres considers the reassessment decisions of the Tax Administration to be incorrect and has appealed against them by leaving the claim for rectification to the Board of Adjustment. If necessary, the Company will continue the appeal process in the Administrative Court. The Company will also, if needed, start a process with the competent authorities to negotiate for the elimination of the double taxation. The Company has initiated a separate process to determine the legality of the procedures used in the tax audit by Tax Administration and tax inspectors. OUTLOOK FOR 2014 The geopolitical turmoil threats the global economic growth. The European economy has turned to growth, but hit by the Ukraine conflict, at a slower pace than expected. Even though many of the emerging economies are currently weak and geopolitical risks have remained, the global GDP is expected to grow by 3.4% in 2014. In Nokian Tyres’ core markets the Nordic countries continue to show slow but comparatively stable development with a full year 2014 GDP growth estimate of 1-2%. The growth in Russia is expected to be weak with full year 2014 GDP growth estimated currently at 0%. The full year 2014 market demand for replacement car tyres is expected to show growth in Central Europe and North America, and to be on the previous year’s level in the Nordic countries. In Russia and CIS the overall uncertainty, the Ukrainian crisis, and the clearly devalued currencies have hurt the economies, thus weakening growth in GDP, sales of new cars and tyre demand.  The sales volume (pcs) of Nokian Tyres is expected to show growth and the market position to improve in 2014 in the Nordic countries, Central Europe and North America. In Russia and CIS the company’s sales volume is expected to decline. Nokian Tyres’ Net sales are expected to decrease due to currency devaluations combined with weaker sales mix and ASP, especially in Russia. The pricing environment for 2014 remains tight for all tyre categories. Nokian Tyres continues to have competitive advantages from having manufacturing inside Russia. Of the Russian production approximately 60% is exported and the margin between production costs in Roubles and export sales in Euros has improved. Raw material cost is estimated to decrease by 13%. However, this is not enough to fully compensate for the weaker market conditions in Russia and CIS. Nokian Tyres’ car tyre production capacity in Russia and a rebuilt heavy tyre production in Finland offer growth potential and productivity gains, and a cut of fixed costs in 2014 supports profitability. There is an inbuilt capability to increase output rapidly without capex to meet market growth. Heavy tyre demand is recovering in Nokian core products and sales and EBIT are expected to continue to gradually improve. Vianor is expected to add 140 stores to the retail network in 2014 and to reach 1,340 stores, to increase sales, to develop service business further and to show a positive Operating result in full year 2014. Nokian Tyres Authorized Dealer (NAD) network is expected to reach 900 stores by the end of 2014. The competitiveness of Nokian Tyres’ product offering is very strong. The number of magazine test wins is at highest level and a series of successful launches of new innovative products has resulted in a wider portfolio than ever before. A strong position in the core markets, an expanding distribution channel, and an improved cost structure combined with new test winner products give Nokian Tyres opportunities to strengthen its market leadership in the core markets and to provide healthy margins and a strong cash flow also in 2014. Financial guidance (updated) In 2014, Net sales and Operating profit are to decline compared to 2013. Operating profit is estimated to be approximately EUR 300-320 million. Previous guidance from 8 Aug 2014 In 2014, Net sales and Operating profit are to decline compared to 2013. INVESTMENTS IN 2014 Nokian Tyres’ estimate for total investments in 2014 is EUR 100 million (125.6). Approximately EUR 20 million will be invested in Russia. The balance comprises of investments in Nokia plant (automation, moulds, ICT, R&D), Heavy tyres and sales companies including Vianor chain. Nokia, 31 October 2014 Nokian Tyres plc Board of Directors *** The above-said information contains forward-looking statements relating to future events or future financial performance of the company. In some cases, such forward-looking statements can be identified by terminology such as ”may”, ”will”, ”could”, ”expect”, ”anticipate”, ”believe” ”estimate”, ”predict”, or other comparable terminology. Such statements are based on the current expectations, known factors, decisions and plans of the management of Nokian Tyres. Forward-looking statements involve always risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. Future results may thus vary even significantly from the results expressed in, or implied by, the forward-looking statements. **** Please read the whole report from the attached file Nokian Tyres plc Antti-Jussi Tähtinen, Vice President, Marketing and Communications Further information: Mr. Ari Lehtoranta, President and CEO, tel: +358 10 401 7733 Distribution: NASDAQ Helsinki, media, ***** Nokian Tyres Interim Report January-September was published on Friday 31 October 2014 at 8.00 a.m. Finnish time. The result presentation to analysts and media will be held in Hotel Kämp in Helsinki at 10.00 a.m. Finnish time. The presentation can be listened through audiocast via internet at To be able to ask questions during the event you can participate in the conference call. Please dial in 5-10 minutes before the beginning of the event: Finland: +358 9 8171 0465 UK: +44 203 194 0550 US: +1 855 269 2605 Stock exchange release and presentation material will be available before the event from After the event the audio recording can be downloaded from the same page. Nokian Tyres result 2014 will be published on 5 February, 2015. Releases and company information will be found from

Change in the number of shares and votes in Meda

Meda has, in accordance with information previously announced, as part of the agreed purchase price for Rottapharm S.p.A., completed an issue of 30,000,000 series A shares in favor of Rottapharm’s previous owners, Fidim S.r.l. Prior to the issuance of new shares, the number of shares in Meda amounted to 302,243,065. Following the issue of new shares the total number of shares and votes in Meda as of October 31, is 332,243,065 series A representing 332,243,065 votes. For further inquiries, please contact: Paula Treutiger, VP Corporate Communications & Sustainability                                     ph: +46 733-666 599                                                                                                                                                                                                         Meda AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on October 31, 2014, at 08:00 CET. MEDA AB (publ) is a leading international specialty pharma company. Meda’s products are sold in more than 150 countries worldwide and the company is represented by its own organizations in over 60 countries. The Meda share is listed under Large Cap on Nasdaq Stockholm. Find out more, visit


Highlights 3Q 2014: · Operating revenues were NOK 3 411 million (NOK 2 648 million) · Operating result before depreciation (EBITDA) was NOK 1 213 million (NOK 1 155 million) · Operating result (EBIT) was NOK 190 million (NOK 597 million) · Net result after tax was NOK -38 million (NOK 494 million) · Earnings per share were NOK 0.8 (NOK 6.5) Financial information The Group of companies´ operating revenues amounted to NOK 3 411 million (NOK 2 648 million) in the quarter. Offshore Drilling had operating revenues of NOK 2 094 million (NOK 1 838 million), Renewable Energy NOK 115 million (NOK 132 million), Shipping / Offshore wind NOK 429 million (NOK 266 million), Cruise NOK 474 million (NOK 395 million) and Other investments NOK 300 million (NOK 14 million). NHST Media Group has from May 2014 been fully consolidated in Bonheur ASA, following the increase in ownership from 35.6% to 54.0%. The segment Other investments obtained increased revenues of NOK 286 million, which is related to revenues of NHST Media Group in the third quarter. For further information see note 8. Total revenues have been positively impacted by higher USD, GBP and EUR against NOK compared with the corresponding quarter last year. USD and EUR was on average approximately 4% higher in 3 quarter 2014 compared to 2 quarter 2013, while GBP was 12% higher. Operating result before depreciation (EBITDA) in the quarter was NOK 1 213 million (NOK 1 155 million). The increase of NOK 58 million from corresponding period last year is mainly due to higher EBITDA within Shipping / Offshore wind which achieved EBITDA in the quarter of NOK 167 million (NOK 103 million),within Cruise which achieved NOK 102 million (NOK 64 million) and Offshore Drilling which achieved NOK 940 million (NOK 928 million). The increase was partly offset by decreased EBITDA within Renewable energy of NOK 52 million (NOK 90 million) and within Other investments which had an EBITDA of NOK - 48 million in the quarter (NOK - 30 million), including NHST of NOK - 7 million. Depreciation and impairment in the quarter was NOK 1 023 million (NOK 558 million), of which NOK 271 million was impairment of fixed assets within Offshore drilling. Operating result (EBIT) was NOK 190 million (NOK 597 million). Net financial items were NOK -170 million (NOK - 88 million). Net interest expenses in the quarter were NOK 151 million (NOK 81 million) and net currency gain was NOK 95 million (NOK -32 million). Net unrealized loss related to fair value adjustment of financial instruments was NOK -15 million (gain of NOK 50 million). Dividend from Koksa Eiendom AS of NOK 44 million was received during the quarter. Other financial expenses in the quarter, inclusive refinancing costs within Offshore drilling, amounted to NOK 143 million (NOK 25 million). Net result in the quarter was NOK - 38 million (NOK 494 million), of which NOK 27 million are attributable to shareholders of the parent (NOK 209 million). The non-controlling interests´ share of net result in the quarter was NOK - 65 million (NOK 285 million). Revenues year to date were NOK 8 882 million (NOK 7 517 million) while EBITDA year to date were NOK 2 933 million (NOK 3 133 million). Operating result (EBIT) year to date was NOK 693 million(NOK 1 608 million). Net financial items were NOK - 415 million (NOK 38 million) and net result after estimated tax from continuing operations was NOK 224 million (NOK 1 588 million).   Net result after tax and discontinued operations was NOK 224 million (NOK 1 363 million), of which NOK 138 million (NOK 561 million) are attributable to shareholders of the parent. Other information Capital and financing During the first nine months, the investments were mainly related to Offshore Drilling (FOE) and Renewable Energy (FOR). Within FOE, capital expenditures amounted to NOK 5 229 million, related to delivery of new build, class renewal surveys and general upgrades. FOR had capital expenditures of NOK 562 million, mainly related to the construction of Mid Hill wind farm, and pre-construction activities on windfarms in Norway, Sweden and Scotland. In total the Group of companies’ investments in Property, plant and equipment amounted to NOK 5 845 million year to date 2014. The Group of companies has increased its shareholding in NHST Media Group by purchasing 236 988 additional shares; a total investment of NOK 91 million. Gross interest bearing debt of the Group of companies as per end of 3 quarter was NOK 18 453 million, an increase of NOK 5 912 million since year end 2013. Cash and cash equivalents amounted to NOK 6 741 million, an increase of NOK 1 362 million since year end 2013. Net interest bearing debt of the Group of companies per 3 quarter 2014 was NOK 11 712 million, an increase of NOK 4 550 million since year end 2013. The equity to asset ratio was 34% compared with 40% at year-end 2013. 

Foresters sponsor a Tech Timeout at the Big City Sleep to raise awareness of the plight of street children worldwide

Over 50 people slept on bits of cardboard on the floor of the Old Spitalfields Market, London, for the evening, raising in excess of £15,000 for the organising childrens’ charities Street Child World Cup and Action for Brazil’s Children Trust. The event challenges volunteer ‘sleepers’ to get through one night in order to gain a perspective of what street children have to endure on a nightly basis. As part of the Big City Sleep, Foresters the member-focused financial services organisation, sponsored participants to take a Tech Timeout and stop using technology for one hour during the event. This hour was dedicated to participants getting closer to the real experience that street children face with no access to telecommunications, social media and other technology that many of us take for granted. Steve Dilworth, Managing Director Foresters ( Member Network UK, says: “The Big City Sleep event was a fantastic way to raise awareness of the challenges faced by children worldwide sleeping on the streets. “By banning the use of technology, we believe it further enhanced the volunteer sleepers’ experience of what it would be like to live on the streets and allowed them to gain a sense of just how vulnerable these children truly are. Many of us take comfort in the access to the outside world a mobile phone provides us with, and in asking participants to not use their devices for just one hour they were able to understand on a much deeper level the true isolation street children feel and the challenges they face”. Street Child World Cup volunteer David Lyons was one of the sleepers at the event and described the sense of isolation he felt sleeping on the streets. He also learnt from other volunteers who had been to Brazil to meet and live with some street children first hand how childrens’ families are being torn apart by war, being drawn into gang and drug culture, enduring hunger, violence and worse. He sums the event up: “My abiding insight of the night was of the vulnerability of being on the streets. I was in a group of 50 people, with a security guard, yet the thought of being asleep in the open as city life went on around me made me nervous. How terrified I would be if I were truly sleeping on the street, and how much that would exacerbate the levels of stress and exhaustion, I can barely begin to imagine. “Before Friday I’d never slept on the streets before, but now I have. It has only increased my determination to help tackle homelessness: No child should have to live on the streets”. For more information on the Big City Sleep initiative, visit and Visit Tech Timeout and pledge to give up technology for one hour every day for a week at Ends

NMG: SAC issues a positive ruling in the judicial review regarding the granting of exploitation concessions to NMG

The exploitation concessions granted to Nickel Mountain Group (“NMG”) by the Swedish Chief Mine Inspector have been a heavily debated issue over time. Vapsten reindeer husbandry co-operative (“Vapsten”) conducts its reindeer husbandry in the area of the Rönnbäcken nickel project. Vapsten has tried to stop or delay the project with reference to its concerns that the project will negatively influence the reindeer husbandry around the area of the future nickel mine. NMG respects Vapsten’s position, although NMG considers that the mining activities and the reindeer herding can co-exist. Vapsten appealed the Chief Mine Inspector’s decisions to grant three exploitation concessions for the Rönnbäcken nickel project. In 2013 Vapsten applied to the SAC (Sw: Högsta Förvaltningsdomstolen) for a judicial review of the Swedish Government’s decision to dismiss the appeals. A hearing took place in Stockholm in June this year. The SAC (Swedish Supreme Administrative Court) has now published its ruling dated October 29, according to which the Government’s decision is upheld. The SAC finds that Government’s decision is not in conflict with any rule of law. The ruling by the SAC is not a decision that assesses the detailed environmental issues relating to the possible future mining activities. These issues will be assessed by the Land and Environment Court in the coming process for a permit under the Environmental Code. For NMG this SAC ruling is important since the pending process has created a lot of uncertainty for the project. NMG can now move forward with the initiated pre-feasibility study (PFS) and later on submit its application for an environmental permit. For and on behalf of the Board of Directors of Nickel Mountain Group AB: Torbjörn RantaManaging Director For more information, please contact: Torbjörn RantaManaging DirectorTel: +46 8 402 28 00Mobile: +46 708 855504E-mail: Cautionary Statement: Statements and assumptions made in this document with respect to Nickel Mountain Group AB’s (“NMG”) current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of NMG. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where NMG operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) NMG’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards nickel. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. NMG assumes no unconditional obligation to immediately update any such statements and/or forecasts.

Poppy art first for Scunthorpe church

Thousands of poppies handmade by schools, community groups and museum visitors across the Humber region will be displayed in a special Remembrance Day art installation at St Lawrence’s Church in Scunthorpe from 7-20 November. The poppies, which were made over the summer to commemorate the First World War, have been imaginatively transformed by Hull-based artist Martin Waters into a powerful 3-D reminder of the horrors of war, all the more poignant because every poppy is tagged with the name of a soldier from the region who died during the conflict. In a personal touch, visitors will also be able to add a poppy in remembrance of their own loved one. Martin is fast becoming known as the Poppy Man for his thought-provoking poppy sculptures which not only help people understand the horror of war but are also visually stunning pieces of art in their own right - as he says: “It’s important that we remember and learn from the conflicts that have gone before and are still happening now – poppies strike an emotional chord with people, and the sculptures are designed so that people can get up close to them and discover the full meaning.” The poppy installation at St Lawrence Church completes a set of five artworks by Martin across North Lincolnshire, the East Riding and Hull as part of the Joining Up The Humber Museums initiative. The venues are: Beverly Art Gallery (until 22 November), Beverley Minster (until 19 November), Ferens Art Gallery in Hull (until 23 November) and Holy Trinity Parish Church in Hull (until 28 November). Each of the installations follows a common theme of remembrance, but has been created specifically for each site. Entry to each is free. The Reverend Moira Astin, vicar of St Lawrence’s Church says: “The people of St Lawrence's church are very much looking forward to having the poppy installation in the church for the Remembrance season.  The war memorial for Frodingham is inside the church, and is the focus for our thoughts on Remembrance Sunday.  The church is well used during the week and is open during daylight hours on weekdays, for people to come and pray and reflect.  The installation will add to this, providing a starting point for reflection.” For more information on the art installations and World War I themed exhibitions across the Humber region, please visit The poppy installations form part of the work of the Joining Up The Humber Museums initiative, funded by Arts Council England, which has funded* a series of commemorative World War I-themed exhibitions at local authority museums and attractions throughout the Humber region. These include: ·When War Hit Home at Ferens Art Gallery (until 4 January 2015), which explores the effects of the First World War on Hull and its people; ·For King and Country at North Lincolnshire Museum (until 14 June 2015), which focuses on the experiences of local people both on the Front Line and back home in Britain; ·*In Memoriam: Reflections on War at Beverley Art Gallery (until 22 November) , which explores the theme of memory and conflict featuring objects from the Museum collections; ·Goole and the Great War at Goole Museum (until 25 November), which looks at the role of Goole as a port during the First World War and its effects on life in the town. For more information on the art installations and World War I themed exhibitions across the Humber region, please visit *In Memoriam at Beverley Art Gallery is partially funded by Joining Up The Humber Museums and the rest by Beverley Art Gallery. ENDS For further media information or photographs, please contact: Jay Commins Pyper York Limited Tel:         01904 500698 Email: