Sale of shares in Thule Group

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Press release, November 17, 2015

Nordic Capital Fund VI 1) and Nordic Capital Fund VII 2) (together “Nordic Capital” or the “Shareholder”) have sold 15,000,000 shares in Thule Group AB (publ) (“Thule Group” or the ”Company”), representing 15.0 percent of the total number of shares in Thule Group in an accelerated book-building process at a price of SEK 105 per share (the “Placing”).

The Placing will contribute to an increased liquidity and free float in the Thule Group share. After the Placing, Nordic Capital owns 29,282,225 shares, representing 29.3 percent of the total number of shares in the Company.

Nordic Capital remains as Thule Group’s largest shareholder and will continue to have representatives on the Board of Directors of Thule Group and actively participate to contribute to the Company’s long-term strategy.

In line with market practice, the Shareholder has agreed to a 90 days lock-up on the remaining shares held in Thule Group.

Carnegie Investment Bank, Danske Bank and Nordea acted as Joint Bookrunners in connection with the Placing.

Contact information:

Nordic Capital
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
tel: +46 8 440 50 69
e-mail: katarina.janerud@nordiccapital.com

1) Nordic Capital VI Limited, acting in its capacity as General Partner of Nordic Capital VI Alpha, L.P. and Nordic Capital VI Beta, L.P., together with any associated co-investment vehicles.

2) Nordic Capital VII Limited, acting in its capacity as General Partner of Nordic Capital VII Alpha, L.P. and Nordic Capital VII Beta, L.P., together with any associated co-investment vehicles.