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This has every opportunity of developing into significant business for Opcon. The customer indicates yearly sales for Opcon of some 10-40 million SEK already from 2013. This is yet another important step forward in developing our strategic activity in China. Our investment here is starting to bear fruit
Rolf Hasselström, President and CEO of Opcon AB
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Trention (formerly Opcon): Change to income statement previously presented in 2015 financial statement

Trention has established that in its 2015 financial statement the company has not recognised capital gains from the sale of business activities within Compressor Technology and Waste Heat Recovery in accordance with IFRS 5.In Trention’s financial statement, published on 22 February 2016, the capital gains from the sale, SEK 167.2 million, was recognised as other income in the income statement. IFRS 5 states that capital gains shall be recognised in the income statement as earnings from divested business.In the company’s annual report, which will be published shortly, a number of items

Trention (earlier Opcon): Opcon has changed name to Trention

After the sale of the Groups Compressor Technology and Waste Heat Recovery business and the trade mark Opcon during 2015 and a decision on the extra general meeting in 2016, Opcon AB reg. nr 556274-8623 has changed name toTrention AB (publ), org. nr. 556274-8623. Trention will continue to be traded under under Opcon, (OPCO) until April 19 2016 when the change will be conducted on NASDAQ OMX Stockholm. The company will then be traded under its new name Trention (TRENT).

FINANCIAL STATEMENT JAN–DEC 2015

Sale concluded of business in Compressor Technology and Waste Heat Recovery – new strategy launched · Sale concluded of business activities within Compressor Technology and Waste Heat Recovery for SEK 400 million, capital gains of SEK 167.2 million for Group · Extensive review completed for remaining business – new strategy launched · New strategy including reassessment of remaining business and assets leads to impairment of financial assets by SEK 23.6 million and other costs of SEK 86.9 million, of which SEK 60.6 million is goodwill · Deferred tax asset impaired to 0, net

Saxlund takes yet another 3,5 m EUR order for biomass handling system in the UK

Saxlund International GmbH, a subsidiary of Opcon AB, the energy and environmental technology Group, has received yet another large order from Babcock & Wilcox Vølund A/S, Denmark, for the delivery of a state-of-the-art biomass handling system to a green energy project in Teesside near Middlesborough, UK. This means that Saxlund in less than a year has won over 100 m SEK in new orders for Babcock & Wilcox Vølund’s different projects in the UK.The scope of Saxlund’s order encompass the design, manufacturing, delivery and commissioning of two fully automatic fuel handling systems, each with

Opcon acquires Hotab Biosystem AB

As part of the strategic review of its operations, energy and environmental technology Group Opcon’s subsidiary, Saxlund International Holding AB acquired 100% of the shares in Hotab Biosystem AB from the parent company, Hotab Bio Energy AB, on 27 January 2016. Hotab Bio Energy AB has thereafter applied to enter bankruptcy. The purchase amount is around SEK 1 million before costs. In connection with the acquisition, Saxlund also acquired some other assets from the parent company. Opcon is not planning for Saxlund International Holding AB to retain a 100% holding but is intending to bring

Opcon: Gives notice of termination to 12 people within Swedish Bioenergy business

After large losses within Bioenergy, and as part of the ongoing work with the strategic and organisational review within the energy and environmental technology Group Opcon, a total of 12 people are being given notice. The action concerns the Group’s Swedish Bioenergy business and activities in both Nacka and Hagfors, Sweden. “We have for a time been struggling with decreasing order volume in Sweden and with a difficult market situation that has led to large losses and redundancies. Because of this and as part of the new strategy we are working on we now give notice to a total of 12

INTERIM REPORT JANUARY–SEPTEMBER 2015

Divestment of Compressor Technology business and Waste Heat Recovery · Extra meeting of shareholders approves sale of business activities within Compressor Technology and Waste Heat Recovery for SEK 400 million · Shanghai XingXueKang Investment Partnership pays first installment of purchase amount, SEK 60 million · Saxlund International GmbH wins order worth around SEK 30 million from Babcock & Wilcox Vølund A/S, for delivery of handling system to bioenergy project in the UK · Delays and cost over-runs on bioenergy projects in Sweden and the UK have impact on results of around

Opcon: Saxlund takes 4 m EUR order for biomass handling system in the UK

Group, has received yet another high profile order from Babcock & Wilcox Vølund A/S, Denmark. The order is for the delivery of a state-of-the-art biomass handling system to the Templeborough Biomass Power Plant in Sheffield, UK. The scope of Saxlund’s order is the design, manufacturing, delivery and commissioning of a dual automatic fuel handling system with reception and transport lines to the boiler, complete with cranes. The entire fuel feeding system, including wood storage and conveyor systems will be designed for multi-fuel waste wood, designed for efficiency, minimum

Opcon: Closes sale of compressor and Waste Heat Recovery business

Opcon, the energy and environmental technology Group has closed the sale of the newly formed holding company, Opcon Compressor Technology AB with its subsidiaries Svenska Rotor Maskiner AB, Opcon Energy System AB as well as 48.9796% of the shares in the joint venture in China, Fujian Opcon Energy Technology Co. Ltd. according to the share purchase agreement signed on June 30 2015. The sale also includes all the intellectual property rights relating to compressor technology and Opcon Powerbox as well as the Opcon brand. Buyer is the Chinese investment fund, Shanghai XingXueKang Investment

Opcon: Closing of sale of compressor and Waste Heat Recovery business set to October 30

On June 30, 2015, Opcon, the energy and environmental technology Group signed a share purchase agreement with the Chinese fund Shanghai XingXueKang Investment Partnership concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery. The purchase price is SEK 400 million. 15% of the purchase price was paid in cash in August after approval of the agreement by the investment committee of the investment company that controls the Buyer and by an Extra Shareholders’ Meeting in Opcon AB held on July 24. The remaining 85% of the purchase price shall be paid in

INTERIM REPORT JANUARY–JUNE 2015

Divestment of Compressor Technology and Waste Heat Recovery business · Share purchase agreement signed concerning the sale of business activities within Compressor Technology and Waste Heat Recovery for SEK 400 million, expected closing by 30 September 2015 · Operating loss (EBITDA) before depreciation for Q2 was SEK 3.4 million ( –6.4 m) · Earnings for remaining business affected by costs attributable to divestment and over-dimensioned administration · Strategic review of remaining business has started Q2, April-June 2015, remaining business · Net sales amounted to

Opcon: has received 15% of purchase price for sale of compressor and Waste Heat Recovery business

Opcon, the energy and environmental technology Group, has in accordance with the share purchase agreement concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery to the Chinese investment fund, received 15% of the purchase price. The purchase price is set at SEK 400 million. According to the agreement 15%, SEK 60 million, should be paid in cash within 20 working days from the agreement coming into effect. The agreement came into effect on the 24th of July following approval by the investment committee of the investment company that controls the buyer

Opcon: Communique from Extra Shareholder’s Meeting

Share purchase agreement concerning the sale of compressor and Waste Heat Recovery business approvedThe Extra Shareholder’s Meeting in Opcon AB was held on July 24, 2015 at the offices of the Advokatfirman Vinge, Stockholm.The Extra Shareholder’s Meeting approved of the sale of the Group’s business in compressor technology and Waste Heat Recovery for 400 MSEK. The decision was taken unanimously. All in accordance with the share purchase agreement that has been signed with the Chinese fund Shanghai XingXueKang Investment Partnership which is controlled by the Chinese investment company

Opcon: Share purchase agreement concerning the sale of compressor and Waste Heat Recovery business approved by owner of the counterparty

The first of July 2015, Opcon, the energy and environmental technology Group, communicated that it had signed a share purchase agreement concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery. The deal includes the newly formed holding company, Opcon Compressor Technology AB, and the subsidiaries Svenska Rotor Maskiner AB, Opcon Energy System AB as well as 48.9796% of the shares in the joint venture in China, Fujian Opcon Energy Technology Co. Ltd. The acquisition also includes all the intellectual property rights relating to compressor technology and

Saxlund takes 3 m EUR order for biomass handling system in the UK

Saxlund International GmbH, a fully-owned subsidiary of Opcon AB, the energy and environmental technology Group, has received an order from Babcock & Wilcox Vølund A/S, Denmark, for the delivery of a state-of-the-art biomass handling system to a green energy project in Margam – Port Talbot, between Swansea and Cardiff in South Wales, UK. The scope of Saxlund’s order encompass the design, manufacturing, delivery and commissioning of two fully automatic fuel handling systems, each with a capacity to allow for a 100% redundancy in feeding the boiler the equivalent of 125 MW of fuel input.

Opcon: signs share purchase agreement concerning the sale of compressor and Waste Heat Recovery business for SEK 400 million

Opcon, the energy and environmental technology Group, has signed a share purchase agreement concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery. The deal includes the newly formed holding company, Opcon Compressor Technology AB, and the subsidiaries Svenska Rotor Maskiner AB, Opcon Energy System AB as well as 48.9796% of the shares in the joint venture in China, Fujian Opcon Energy Technology Co. Ltd. The acquisition also includes all the intellectual property rights relating to compressor technology and Opcon Powerbox. The Opcon brand will also be

Opcon signs MoU to divest its compressor and Waste Heat Recovery business to China for 400 m SEK Opcon签订谅解备忘录剥除其压缩机和废热回收业务以4亿瑞典克朗卖给中国

Opcon AB, the energy and environmental technology Group, has signed a binding Memorandum of Understanding to sell the lionpart of its Compressor technology and Waste Heat Recovery business, including the subsidiaries Svenska Rotor Maskiner AB, Opcon Energy Systems AB and the 48,9796% of the shares in its Chinese Joint Venture Fujian Opcon Energy Technology Co. Ltd., together with all compressor and Opcon Powerbox intellectual property. The MoU is subject to, among other things, due diligence as well as the negotiation and entry into definitive legal documentation, Share purchase agreement (“

OPCON AB (PUBL), THE ENERGY AND ENVIRONMENTAL TECHNOLOGY GROUP INTERIM REPORT JANUARY–MARCH 2015

China in focus · Extensive resources channelled into activity in China with technology transfer and further development of Opcon Powerbox product range · Earnings (EBITDA) positive at SEK 0.5 million (–3.1 m) · Non-recurring costs of SEK 4.3 million in bioenergy have impact on earnings · New licence agreement with Snowman in China to generate licence revenue beyond 2024 · Saxlund International GmbH receives order for delivery of material handling equipment to Skaerbaeksvaerket in Fredericia, Denmark Q1, January–March 2015 · Net sales amounted to SEK 69.2 million (67.

INTERIM REPORT OCT–DEC 2014 & FINANCIAL STATEMENT JAN–DEC 2014

Continued positive effects of business in China· Strong improvement in operating profit, SEK 8.9 million in Q4 (–26.2 m) · Intensive work on transfer of Opcon Powerbox technology to the newly formed company in China · Licence business in joint venture had a positive impact on operating profit after costs and internal eliminations of SEK 10.2 million in Q4 · Good level of orders received in the UK main reason by increased order stock, +24% Q4, October–December 2014, remaining business · Net sales amounted to SEK 82.5 million (68.8 m) · Operating profit (EBIT) was SEK 8.9

Opcon: Signs final Contract with Snowman on establishment of Opcon Powerbox JV for China

·Equity of JV should amount to CNY 98 million (approx. SEK 114 m) ·Snowman invests CNY 50 million (approx. SEK 58 m) for 51,0204 % of shares ·Opcon to grant technology license to JV to a value of CNY 72 million (approx. SEK 83,5 m), giving Opcon; ·48,9796 % of shares in JV, equivalent of CNY 48 million (approx. SEK 55,6 m) ·CNY 24 million (approx. SEK 27,8 m) in royalties.Following the letter or intent signed in July 2014 and the agreement on main articles presented earlier this month, energy and environmental technology group Opcon AB (publ) has signed a

Clarification regarding insider trading in Opcon AB

Opcon AB would like to make a clarification regarding the last few days of insider trading in the Opcon AB share and CEO Rolf Hasselström’s ownership. No insider registration regarding CEO Rolf Hasselström’s trading has been issued, and should not be issued according to the rules and regulations of the Swedish Financial Supervisory Authority. The reason is that his main shareholding in Opcon AB is owned by the company Calamus AB whose shareholder structure is such that it should not report any insider trading. As of 2014-08-29 Calamus AB owned 7 801 505 in Opcon AB and was then Opcon’

Opcon: Agrees on main articles with Snowman on establishment of Opcon Powerbox JV for China

·Equity of JV should amount to 98 million CNY (approx. 110 m SEK) ·Snowman invests 50 million CNY (approx. 56 m SEK) for 51 % of shares ·Opcon to grant technology license to JV to a value of 72 million RMB (approx. 81 m SEK), giving Opcon; ·49% of shares in JV, equivalent of 48 million CNY (approx. 54 m SEK) ·24 million CNY (approx. 27 m SEK) in royalties.Following the LOI signed in July 2014, Energy and environmental technology group Opcon AB (publ) has come to an agreement with its strategic partner Fujian Snowman Co. Ltd., Fuzhou, Fujian, China, on the

INTERIM REPORT JANUARY–JUNE 2014

China is the key as Opcon looks to the future · Efforts now initiated to develop the Chinese market and parts of South East Asia and create an industrialised manufacturing base for Opcon Powerbox together with Snowman · Hong Kong Snowman Technology Ltd. second largest owner of Opcon following directed placement of shares · Savings programme now being implemented that will cut annual costs by around SEK 30 million · Reduced loss despite lower sales, loss after tax of SEK –4.8 million (–15.1 m) · Underlying operating loss for Q2 of SEK –1.0 million (–7.4 m) before non-

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