Höganäs Interim report 1 January – 31 March 2010: Strong growth in Asia, positive income performance and advances in the surface coating segment

CEO Alrik Danielsson comments on first quarter earnings: - The Asian and South American markets remained strong in the first quarter. Sales volumes in China and India reached all-time-high level. Demand conditions in 2010 are uncertain, primarily in terms of Europe. We are especially pleased that we have been able to retain a sharp cost focus throughout the sales recovery of the past six months. This is also reflected in our income improvement in the first quarter. Our research and development initiatives paid off in the quarter with results including a successful collaboration in laser surface coating for ship repairs. This opens new markets for our surface coating powders, and demonstrates the know-how Höganäs has accumulated in the laser surface coating segment.

First quarter 2010 (compared to corresponding period of previous year): • Net sales were MSEK 1,548 (916) in the quarter, up 69% year on year. Sales volumes were 93% higher. Demand conditions continued to improve on all markets and sales volumes in Asia and South America more than doubled. • Operating income was MSEK to 282 (-111) and income after tax was MSEK 207 (-90). Volume increases and positive effects of cost savings had a positive effect on income. • Earnings per share for the quarter were SEK 5.94 (-2.58). • Cash flow from operating activities was MSEK 94 (142). • In the quarter, the net debt/equity ratio multiple reduced to 39% from 43%. The outlook has improved somewhat. The Asian and South American markets are strong, and a gradual improvement, although at an uncertain rate, is expected in North America. However, the assessment is that the underlying demand in Europe remains weak. Höganäs, Sweden, 21 April 2010 Höganäs AB (publ) Streamed press conference Alrik Danielson, CEO, and Sven Lindskog, CFO, will present the Interim Report in a conference call at 10:30 a.m. on 21 April 2010. The press conference will be streamed at: http://www.hoganas.com/en/Investor-Relations/Conference-Call/ It is open to journalists, analysts and investors. Participants are welcome to call on +44 (0)207 162 0125. The presentation is available at www.hoganas.com. NB: This information is mandatory for Höganäs to publish pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 9 a.m. on 21 April 2010.