Karolinska Development New Share Issue Completed - Raising 380 MSEK (36 MEUR)

2009-12-21

Stockholm - 21 December, 2009. Karolinska Development has successfully completed a new share issue raising 380 MSEK (approximately 36 MEUR). This will secure Karolinska Development's continued active investment strategy in its portfolio companies.

"The significant interest in this share issue shows confidence in the strength of our business model and will enable us to pursue our long term investment strategy. I am also pleased that we have attracted 450 new shareholders giving Karolinska Development a total of around 750 shareholders. This further broadens our ownership base ahead of our planned IPO which we intend to carry out in 2010", said Conny Bogentoft, CEO of Karolinska Development.

The new issue covered 6 146 431 series B shares at an issue price of 62 SEK, corresponding to 19 percent of the capital. Five of the largest shareholders in Karolinska Developments, The Third Swedish National Pension Fund, Östersjöstiftelsen, Näsudden Investeringar AB, Foundation Asset Management and Praktikerinvest signed for shares corresponding to 55 MSEK.
SEB Enskilda led the share issue with EFG Bank and Singer Capital Markets as co-leads.

For more information, please contact:
Gunnar Casserstedt, CFO, Karolinska Development AB
Phone: 073-068 3700
e-post: gunnar.casserstedt@karolinskadevelopment.com