PRESS RELEASE - Statement from the Board of Directors - 11 June 2008

The Board of Directors of Ballingslöv International AB recommends shareholders not to accept the offer from Stena Adactum

• The Board of Directors of Ballingslöv International AB recommends shareholders not to accept the offer from Stena
• Strong belief that Ballingslöv as a stand-alone company long-term creates shareholder value through existing business model
• Continued expansion opportunities are expected to strengthen long-term growth in revenues and earnings
• Continued strong profitability for Kvik and additional growth through international expansion
• Continued consolidation through acquisitions in a fragmented kitchen market

The Board of Directors wishes to draw shareholders’ attention to the following factors

• The already concentrated ownership of the company can become even more concentrated after the Offer is concluded, which may be presumed to result in limited share trading liquidity
• The general economic development is currently uncertain and, in the event that further economic developments are worse than expected, this could have a negative effect on Ballingslöv’s earnings.