Lagercrantz Group acquires ISIC A/S

Lagercrantz Group has concluded an agreement to acquire all outstanding shares in the Danish company ISIC A/S. The current principal owner of ISIC is Vertex Venture Holdings Pte Ltd. ISIC is a leading developer and manufacturer of computer and monitor solutions for industrial applications and the most demanding environments. Customers are found in the food & beverage industry, in chemical production, in process industry and in several marine areas. ISIC’s products are developed in-house based on customer-unique requirements and comply with the highest standards possible. ISIC had revenues for the full year 2004 of approximately MSEK 75. The company will be a part of division Electronics. Per Ikov, CEO of Lagercrantz Group: “The acquisition of ISIC is a strategically important element of the transformation effort under way in the Lagercrantz Group. This acquisition constitutes a marked refinement of the Group’s business model, where our offer of special components and systems is complemented by products and services developed in-house. ISIC is active in the world market with its proprietary OEM products and is an established player with 15 years of experience and a very strong brand name. This acquisition will lead to significant synergies for the company, in purchasing as well as sales. By adding resources to ISIC, the company will be in a position to broaden its offer to additional market segments.” Possession will be taken as of April 1, 2005. The acquisition is expected to make a positive contribution to earnings per share during the financial year beginning April 1, 2005. Stockholm, February 25, 2005 Lagercrantz Group AB (publ) For further information, contact: Per Ikov, CEO, Lagercrantz Group AB, tel +46 8 700 66 70. Niklas Enmark, CFO, Lagercrantz Group AB, tel +46 8 700 66 70. See also ISIC A/S homepage on the Internet: www.isic.dk Lagercrantz Group, which is listed on the O-list of Stockholmsbörsen (the Stockholm Stock Exchange) has revenues of about SEK 1.5 billion and has about 520 employees. Within well-defined niches and in partnership with customers and producers, the Group offers products and solutions in electronics and communication that contribute to the competitiveness of customers. Lagercrantz Group is a leading player on the Nordic market. Aside from in Denmark, Finland, Norway and Sweden, the company also has operations in the United Kingdom, Germany, Poland, Switzerland and Hong Kong. Lagercrantz Group consists of the parent company Lagercrantz Group AB with its two divisions Electronics, Production Services and business areas Digital Image Transmission, Communication, HeathComm and Software.