High participation in commission-free equalisation offer

In conjunction with the listing of the shares in Catena, shareholders who did not have full trading lots in Catena after the distribution were offered the opportunity commission-free to purchase or sell the number of shares required to achieve a holding corresponding to whole trading lots (a trading lot corresponds to 200 shares). The primarily reason for the offer was to increase the number of shareholders with whole trading lots and, consequently, facilitate share trading and improve liquidity of the Catena share. The offer was made to solely to shareholders residing in Sweden.

Participation in the offer was high, about 7,350 of the approximately 17,500 direct-registered shareholders covered by the offer applied to buy or sell. In total, applications resulted in the net purchase of some 200,000 shares. About 3,350 applications involved purchases and approximately 4,000 sales.

“It is highly positive that participation in the offer was so high. Many who received shares in Catena in conjunction with the distribution from Bilia used the opportunity to equalise their holdings to whole trading lots,” says Peter Hallgren, President of Catena.

Prices in the offer
All transactions were carried out on a current basis on the Stockholm Stock Exchange through HQ Bank. During the application period, weekly compilations were made of the applications received by HQ Bank, according to which purchases and sales of shares were made.

First week
• The price for the purchased shares amounted to SEK 85.00 per share, corresponding to the average price for all purchases during the first week of the application period.

• The price for the sold shares amounted to SEK 84.90 per share, corresponding to the average price for all sales during the first week of the application period.

Second week

• The price for the purchased shares amounted to SEK 83.10 per share, corresponding to the average price for all purchases during the second week of the application period.

• The price for the sold shares amounted SEK 83.00 per share, corresponding to the average price for all sales during the second week of the application period.

Third week

• The price for the purchased shares amounted to SEK 85.20 per share, corresponding to the average price of all purchases during the third week of the application period.

• The price for the sold shares amounted to SEK 84.90 per share, corresponding to the average price of all sales during the third week of the application period.

HQ Bank managed the offer.

Göteborg, June 1, 2006