BAYPORT MANAGEMENT LIMITED ISSUES SEK 700 MILLION 5 YEAR BOND

Following a successful roadshow, Bayport Management Limited (“Bayport” or the “Company”) will issue a SEK 700 million senior unsecured bond (the “Bonds”). The Bonds which were oversubscribed will have a fixed annual coupon of 13 percent and mature after 5 years. The Bonds have been placed with primarily institutional investors through a private placement process. The Company will apply for a listing of the Bonds on NASDAQ OMX Stockholm in due course, to have the Bonds listed no later than 19 November 2011.  The issue proceeds will be used to refinance outstanding debt and for expansion