Bergman & Beving conveys shares held in treasury

Bergman & Beving conveys shares held in treasury Based on an authorization by the General Meeting, the Board of Directors of Bergman & Beving AB has decided to convey 1 000 000 class B shares in Bergman & Beving to TengTools Holding SA, Luxembourg, as partial payment for trade marks and other intangible assets in connection with the acquisition of TengTools International Co. Ltd., Taiwan. The conveyance is made at a price equivalent to the market price on June 3, 2002 of the shares conveyed. Based on the market price on May 15, 2002 this value was about MSEK 49. The conveyance of the shares will be effected June 3, 2002. The purpose behind the acquisition is for Bergman & Beving to strengthen its position as a leading full-line supplier of tools and consumables to the industrial and construction sectors in Northern Europe. Through the acquisition of TengTools, the Bergman & Beving Group gains access to a very strong brand name in high-quality hand tools. Stockholm, May 28, 2002 BERGMAN & BEVING AB (publ) For further information, contact: Stefan Wigren, President & CEO, telephone: +46-8-660 10 30 or Anders Engström, Vice President, telephone: +46-8-660 10 30 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/28/20020528BIT01010/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/28/20020528BIT01010/wkr0002.pdf