Statement of the board of directors of Dahl International AB

STATEMENT OF THE BOARD OF DIRECTORS OF DAHL INTERNATIONAL AB 1 On February 11, 1999, Dahl Intressenter AB ("DIAB"), a company jointly owned by EQT Scandinavia BV ("EQT") and Förvaltnings AB Ratos ("Ratos"), made a public offer to the shareholders of Dahl International AB ("Dahl") of SEK 120 per share. Today, DIAB has made public a revision of the offer to SEK 130 per share. The Board of Directors of Dahl has evaluated the public offer made to the shareholders of Dahl. The evaluation brings the Board of Dahl to make the following statement, following the revised offer as of today. In order to allow the shareholders of Dahl the possibility to take into consideration the Board's and Management's view on the current operations of Dahl and its future potential, the production of the Annual Report was accelerated and the Annual Report was made public in the first week of March, 1999. The Board of Dahl believes that the description of Dahl in the Annual Report satisfactorily portrays Dahl's operations, profitability potential and capital expenditures. Enskilda Securities has been retained by the Board to evaluate the public offer made to Dahl's shareholders and states in its fairness opinion that the offer of SEK 130 per share is fair from a financial point of view. The offer from EQT and Ratos of SEK 130 per share implies a premium of 60 per cent compared to the average Dahl share price during the latest 30 trading days prior to the offer being made public. Based on this as well as the fairness opinion provided by Enskilda Securities, the Board is of the opinion that the offer of SEK 130 per share is acceptable and therefore recommends the shareholders to accept the offer. Stockholm, March 12, 1999 Dahl International AB (publ) The Board of Directors For further information: Urban Jansson Chairman, Dahl International AB +46 70 590 80 91 1 Under proposed name change from Binnimation Stockholm AB. 2 To avoid a conflict of interest, Conny Karlsson, Thomas Mossberg and Per- Olof Söderberg, have not participated in the above opinion. ------------------------------------------------------------ Mer information finns att få på http://www.bit.se Följande filer finns att ladda ned: http://www.bit.se/bitonline/1999/03/12/19990312BIT00250/bit0001.doc http://www.bit.se/bitonline/1999/03/12/19990312BIT00250/bit0002.pdf