Aktiv Kapital and Cargill intend to make a public offer for Hoist International AB (publ)

Aktiv Kapital and Cargill intend to make a public offer for Hoist International AB (publ) Stockholm, Sweden - 18 February 2004 - Aktiv Kapital and Cargill have announced that discussions with the Board of Directors of Hoist have been initiated regarding a possible tender offer for all outstanding Hoist shares, warrants and convertible loan notes. Aktiv Kapital and Cargill have informed the Board of Directors of Hoist that the value of the offer would be 21 SEK in cash for each share and 0.05 SEK for each warrant 2001/2004 in Hoist. In addition, the holders of convertible loan notes issued by Hoist would be offered an amount corresponding to 100 per cent of the nominal value of the convertible loan notes plus accrued interest until settlement of the offer in accordance with the terms of the convertible loan notes. Hoist is a Swedish service company listed on the Stockholmsbörsen O- list, with a core business in overdue consumer credits, primarily in Germany. Hoist client revenue for the full year 2003 amounted to 191 MSEK with, as of 31 December, 2003, a total managed principal of 14,081 MSEK. The offer to Hoist shareholders would be submitted by a newly formed Swedish company specifically set up for this transaction and jointly owned by Aktiv Kapital and Cargill. - more - Currently, Aktiv Kapital and Cargill jointly own 563,500 shares in Hoist, representing 3.64 per cent of the capital and votes. The offer would be fully financed without any financing conditions attached thereto. Aktiv Kapital and Cargill are preparing the final conditions for a public offer and intend launching this as soon as possible. Carnegie Investment Bank AB is financial advisor to Aktiv Kapital and Cargill in connection with the intended offer. - ends - For further information: Christer Janson, Carnegie Investment Bank AB, +46 8 676 88 26 Magnus Jönsson, Carnegie Investment Bank AB, +46 8 58 86 89 97 Editor's note: Aktiv Kapital is a leading provider of credit administrative services in the Nordic region and Britain. Established in 1991, the company was listed on the Oslo Stock Exchange in 1997. It has three core business areas - invoice administration and associated financing, debt collection and the acquisition of defaulted credit portfolios. It employs around 440 employees in Norway, Sweden, Finland, Denmark and England. Cargill Value Investment is a principal investor in loan and consumer debt portfolios around the globe. It has over 60 investment professionals working with approximately 100 administrative, tax and legal professionals in eight offices. It forms part of Cargill an international provider of food, agricultural and risk management products and services. Cargill has 101,000 employees in 60 countries. This press release does not constitute a public offer. ------------------------------------------------------------ Denna information skickades av Waymaker http://www.waymaker.se Följande filer finns att ladda ned: http://www.waymaker.net/bitonline/2004/02/18/20040218BIT00590/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/18/20040218BIT00590/wkr0002.pdf