Duni completes IPO successfully – share priced at SEK 50

This press release may not be announced, published or disseminated, in whole or in part, in the US, Canada, Australia or Japan.

Duni’s Initial Public Offering generated significant interest from Swedish and international investors despite volatile equity market conditions. The Offering, which comprised 28,200,000 shares, was approx. 2 times subscribed excluding the shares allocated to Mellby Gård AB (“Mellby Gård”). The final offer price was set at SEK 50 per share, corresponding to a total market capitalization for Duni of SEK 2.35 billion (EUR 250 million).

The Vendors, EQT I and EQT III (“EQT”), acting through Duni Holding AB, have also granted the joint lead managers an over-allotment option, which can be exercised within 30 days of the first day of trading, whereby the Vendors have undertaken to sell up to 4,200,000 additional existing shares upon request by ABG Sundal Collier and SEB Enskilda to cover any over-allotment in connection with the Offering.

Following the Offer, Duni will have approximately 5,000 shareholders and with international ownership comprising approx. 35 percent. Mellby Gård, whose Chairman is Rune Andersson, will become owner of 9,404,500 shares or 20.01 percent of Duni. Duni’s management will hold approx. 1 percent of the shares.

Harry Klagsbrun, Senior Partner at EQT, commented: “We are very proud of the development in Duni over the recent years. Today, Duni is a focused company showing steady growth and is one of the most profitable players within its industry. We are pleased that the company is now entering its next stage as a listed company.”

Fredrik von Oelreich, CEO of Duni, said: “During the last two weeks we have seen strong interest in Duni from investors. We look forward to entering this new phase as a listed company, raising the profile of the company among investors and the general public.”

Prior to the Offering, EQT through Duni Holding AB owned 100 percent of the shares in Duni. Assuming full exercise of the over-allotment option, EQT will indirectly own approximately 30 percent of the shares.

Trading on the OMX Nordic Exchange in Stockholm will commence today, 14 November 2007 with the ticker “DUNI”. The ISIN-code is SE0000616716.


ABG Sundal Collier and SEB Enskilda acted as the company’s and the principal shareholders’ joint lead managers and bookrunners, in conjunction with the IPO. Handelsbanken was co-lead manager.


More information available on www.duni.se.

Contact: Harry Klagsbrun, Senior Partner, +46 8 506 55 323, harry.klagsbrun@eqt.se
Johan Hähnel, Communications & PR, +46 706 056 334, johan.hahnel@eqt.se

The Offer is not intended for the general public, other than in Sweden. Neither is the Offer otherwise directed at such persons whose participation requires prospectuses, registration or other measures in addition to those that result from Swedish law. The prospectus may not be distributed in any country where distribution or the Offer requires any measures in accordance with the above or violates regulations in that country. Applications to acquire shares in contravention of the above may be considered invalid.

The shares being offered under the Offer have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any provincial legislation in Canada and may not be offered for sale or sold, either directly or indirectly, within the USA or in Canada or to persons residing in these countries, except pursuant to an exemption from the registration requirements of the Securities Act or applicable Canadian provincial legislation.