New Wave Group becomes majority shareholder in Sagaform

New Wave Group becomes majority shareholder in Sagaform New Wave Group AB (publ) has by a directed new issue of shares become the owner of shares representing 50,1 % of the capital and votes in Sagaform AB. The subscription-price for the newly issued shares amounts to 20,9 million SEK, totally. Furthermore, a buying option, that gives New Wave Group the right to purchase the remaining shares in Sagaform during spring 2003, has been issued. Should the call option be exercised, the purchase sum for the remaining shares will be based on Sagaform's incomes during the financial years 2002 - 2004. Under some circumstances, New Wave Group has an obligation to exercise the call option. The ownership of Sagaform is in line with New Wave Group's goal to grow within the areas of "hard" promo and special-line articles and also expects to contribute positively to New Wave Group's income as early as this year. The product area is complementary to the groups present business and New Wave Group's distributors are also to a large extent active in distribution of hard promo and special-line articles. New Wave Group expects to be able to create a considerable growth in Sagaform by putting its products on the markets in the countries where the group currently is carrying on profile business. Borås, 27 March 2001 New Wave Group AB (publ) Torsten Jansson CEO For further information, please contact: Torsten Jansson CEO Phone: +46 708 998050, +46 33 225855 Göran Härstedt Deputy CEO Phone: +46 708 998017, +46 33 225863 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/27/20010327BIT00560/bit0002.doc http://www.bit.se/bitonline/2001/03/27/20010327BIT00560/bit0002.pdf