NOTICE OF CHANGE OF CONTROL EVENT To the Bondholders of Gunnebo Industrier Holding AB (publ) up to SEK 900,000,000 Senior Secured Callable Floating Rate Bonds due 2020 ISIN: SE0009888969

This notice of Change of Control Event has been sent on 22 May 2019 to Bondholders directly registered
in the debt register (Sw. skuldbok) kept by Euroclear Sweden AB (the “CSD”). If you are an authorised
nominee under the Financial Instruments Accounts Act or if you otherwise are holding Bonds on behalf of
someone else on a Securities Account, please forward this notice to the holder you represent as soon as

NOTICE IS HEREBY GIVEN that, pursuant to Clause 9.7 (Mandatory repurchase due to a Change of Control
Event, Listing Failure or Delisting (put option)) of the terms and conditions for the up to SEK 900,000,000
Senior Secured Callable Floating Rate Bond (the “Bonds”) issued by Gunnebo Industrier Holding AB (publ)
(the “Issuer”), dated 10 May 2017, between the Issuer as Issuer and Nordic Trustee & Agency AB (publ) as
Agent (the “Agent”) (each term as defined therein) (the “Terms and Conditions”), a Change of Control
Event (as defined in the Terms and Conditions) has occurred.

Terms defined in the Terms and Conditions shall have the same meaning when used in this notice, unless
otherwise defined herein.

In accordance with the Terms and Conditions, the Issuer hereby gives notice of the Change of Control Event
to the Bondholders.

It is further referred to a notice of voluntary early redemption of the Bonds (call option) which has been sent to
the Bondholders on the date hereof (the “Redemption Notice”). Pursuant to the Redemption Notice, the
Issuer will redeem all outstanding Bonds at an amount per Bond equal to 101.25 per cent. of the Nominal Amount,
together with accrued but unpaid interest (the “Redemption Price”) on 27 June 2019 (the “Redemption”).

The Terms and Conditions state that, following a Change of Control Event, the Bondholders have the right
during a period of twenty (20) Business Days to request that all, or only some, of its Bonds be repurchased at
a price per Bond equal to 101.00 per cent. of the Nominal Amount, together with accrued but unpaid interest
(the “Repurchase Price”) (the “Put Option”).

Since the Redemption will occur prior to the expiry of the Put Option period and the Redemption Price is higher
than the Repurchase Price, the Bondholders will not be able to request that Bonds held by it be repurchased.
All Bondholders will instead be paid the Redemption Price, as further set out in the Redemption Notice.

This notice of Change of Control Event is governed by Swedish law, and is, for the avoidance of doubt, not an
offer to purchase or sell financial instruments.

For further information, please contact the Issuer or the Agent at:
Gunnebo Industrier Holding AB, c/o Gunnebo Industrier AB, Vasagatan 20 A, 722 15 Västerås
Fredrik Wiking, President & CEO / Magnus Bergendorff, EVP & CFO /
+46 21 838 218 / +46 21 838 202

Nordic Trustee & Agency AB (publ), P.O. Box 7329, 103 90 Stockholm
+46 8 783 79 00

Gunnebo Industries is global leader in innovating, developing, manufacturing and selling products for material handling
and other related applications. We supply the market with products such as blocks, sheaves, components for chain-
and wire rope slings, shackles and chain, produced in Sweden, Norway and USA. We have 9 sales offices covering
every continent, as well as partners and distributors in additional 50 countries, making our products available no matter
where in the world they are needed. The quality of our products and expertise ensures a safe and efficient operation,
every time during all circumstances.