ANNOUNCEMENT OF RESULTS OF A TENDER OFFER

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (the "United States") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (the "Securities Act")) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

5 October 2021

Rikshem AB (publ)

ANNOUNCEMENT OF RESULTS OF A TENDER OFFER

Reference is made to the tender offer launch announcement published on 27 September 2021, in which Rikshem AB (publ) (the "Company") launched an invitation to the holders of the EUR 300,000,000 1.250 per cent. Notes due 2024 (ISIN: XS1636469865) (the "Notes") to tender such Notes for purchase by the Company for cash in an aggregate principal amount of up to the Maximum Acceptance Amount (such invitation, the "Offer").

EUR 129,709,000 in aggregate principal amount of Notes has been validly tendered pursuant to the Offer. In light of the positive response to the Offer, the Company hereby informs the Noteholders that it has decided to increase the Maximum Acceptance Amount to EUR 129,709,000 and accept in full all valid tenders of Notes in the Offer (subject only to the satisfaction or (if applicable) waiver of the Transaction Condition on or prior to the Tender Offer Settlement Date) and therefore no Pro-ration Factor will be applicable.

All references to the Maximum Acceptance Amount in the tender offer memorandum dated 27 September 2021 (the "Tender Offer Memorandum") shall be deemed to refer to such increased amount.

The Offer remains subject to the conditions and restrictions set out in the Tender Offer Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

The Company hereby informs the Noteholders that set out in the table below is the Purchase Price, the Purchase Yield and the final aggregate principal amount of Notes validly tendered pursuant to the Offer accepted for purchase (subject only to the satisfaction or (if applicable) waiver of the Transaction Condition on or prior to the Tender Offer Settlement Date).

The aggregate principal amount of Notes expected to be outstanding following the settlement of the Offer (which is expected to occur on 6 October 2021) will be EUR 170,291,000.

The Company will also pay an Accrued Interest Payment in respect of the Notes purchased pursuant to the Offer.

Notes purchased by the Company pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes which have not been validly submitted and accepted for purchase pursuant to the Offer will remain outstanding.

The Offer has now expired and no further Notes can be tendered for purchase.

For Further Information:

A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:

The Sole Dealer Manager

NatWest Markets N.V.

Claude Debussylaan 94

Amsterdam 1082 MD

The Netherlands

Attention: Liability Management

Email: liabilitymanagement@natwestmarkets.com

Telephone: +31 2 04 64 27 55

The Tender Agent

Lucid Issuer Services Limited

The Shard

32 London Bridge Street

London SE1 9SG

United Kingdom  

Telephone + 44 20 7704 0880

Attention: Thomas Choquet

Email: rikshem@lucid-is.com

A copy of the Tender Offer Memorandum is available to eligible persons upon request from the Tender Agent.

This announcement is released by Rikshem AB (publ) and contains information that qualifies as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Christina Fernström, Group Treasurer, on behalf of Rikshem AB (publ).

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement.

The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Sole Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.