OEM International AB acquires OK Kaapelit OY

OEM International is acquiring, through its subsidiaries OEM Finland Oy,
all the shares in OK Kaapelit Oy in Åbo, Finland, with possessions from 03-11-2008.
OK Kaapelit markets cable for industrial use. The company approximately has a turnover
of 30 MSEK with approximately a profit of 5 MSEK.

With this acquisition OEM Finland will strengthen its position within cable for industrial
use, while also providing potential for broadening the geographical bas of market for industrial cable

The acquisition cost amounts to M€ 1.28, plus a maximum additional purchase sum of M€ 0.6.

The acquisition is not expected to have any impact on the group’s profit for the current year.