Final results of HEXPOL’s rights issue

The final result of HEXPOL's rights issue shows that 6,613,069 shares, representing approximately 99.6 per cent of the offered shares, were subscribed for by the exercise of subscription rights. Additionally, subscription forms corresponding to 8,894,678 shares have been received for subsidiary preferential rights or without preferential rights. The 24,924 shares of series B that were not subscribed for with subscription rights have been allocated to persons who have subscribed for shares on the basis of subsidiary preferential rights, according to the principles outlined in the prospectus. Notification regarding allocation based on subsidiary preferential rights is only sent to those who have been allocated shares. Through the rights issue, HEXPOL will receive proceeds amounting to approximately 551 MSEK before transaction costs.

Through the rights issue HEXPOL's share capital increases by 13,275,986 SEK to 66,379,940 SEK. The number of shares increases by 6,637,993 of which 295,312 shares of series A and 6,342,681 shares of series B. Total number of shares after the rights issue amounts to 33,189,970 shares of which 1,476,562 shares of series A and 31,713,408 shares of series B.

The new shares subscribed for with subscription rights are expected to be registered with the Swedish Companies Registration Office ("SCRO") on March 24, 2011 and start trading on NASDAQ OMX on March 25, 2011. The new shares subscribed for on the basis of subsidiary preferential rights are expected to be registered with SCRO on April 1, 2011 and to start trading on April 4, 2011. Only shares of series B will be traded on NASDAQ OMX.

For more information regarding the rights issue click here: http://investors.hexpol.com/d/20110112EN

Financial and legal advisors

Handelsbanken Capital Markets is acting as financial advisor and Mannheimer Swartling as legal advisor to HEXPOL in the rights issue.

For further information please contact:

Urban Ottosson, CFO/IR, + 46 (0) 767 855 144

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel application (Wheels).Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. HEXPOL's sales in 2010 amounted to approximately 3,800 MSEK. After the acquisition of Excel Polymers, the HEXPOL Group has approximately 3,000 employees in nine countries and pro forma net sales in 2010 of above 6,300 MSEK. Read more at www.hexpol.com (http://www.hexpol.com/).

This press release is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The subscription rights and the shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

In any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") other than Sweden, this press release is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive (or are other persons to whom a public offering of securities may lawfully be addressed under the Prospectus Directive).

This press release may contain forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. They may involve risks and uncertainties, including product demand, market acceptance, the effect of economic conditions, the impact of competitive products and pricing, foreign currency exchange rates and other risks. These forward-looking statements reflect the views of HEXPOL's management as of the date made with respect to future events and are subject to risks and uncertainties. All of these forward-looking statements are based on estimates and assumptions made by HEXPOL's management and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results or experience could differ materially from the forward-looking statements. HEXPOL disclaims any intention or obligation to update these forward-looking statements.

This press release consists of such information that HEXPOL AB (publ) may be obliged to disclose in accordance with the Swedish Securities Market Act and /or the Financial Instruments Trading Act. The information was submitted for publication on March 23, 2011 at 08:30 CET.

Tags: