Pre-emptive rights issue in VKG oversubscribed

• The subscription rate in VKG’s new share issue with pre-emptive rights
for the existing shareholders was around 176 per cent.
• 94 per cent of the shares were subscribed for through the exercise of subscription rights.
• The issue has provided the company with total proceeds of approximately
SEK 8.5 million before issue expenses.

The previously announced share issue with pre-emptive rights for the existing shareholders in Värmekyl Grossisten Scandinavia AB (publ) has now been completed. Interest in the issue has been very strong and resulted in subscription applications for approximately SEK 14.9 million, which is equal to a subscription rate of around 176 per cent.

Around 94 per cent of the new share issue was subscribed for through the exercise of subscription rights. In addition, subscription applications without pre-emptive rights were received for approximately SEK 7 million. According to the Board’s decision, the shares not subscribed for through the exercise of subscription rights will be allotted within the framework of the share issue’s maximum limit. Through the issue, VKG has raised proceeds of approximately SEK 8.5 million before issue expenses.

Those who have been allotted shares without pre-emptive rights will be notified through the despatch of contract notes, which are expected to be sent around 4 June 2008. Those who have not been allotted shares will not be notified of this. Trading of the newly issued shares is expected to begin on First North around 19 June 2008. The final date for trading of paid-up subscribed shares (”BTA”) is 16 June 2008.








For questions regarding the press release, please contact:

Tom Ekevall Larsen
CEO
+46 (0)76 13 52 125