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2016-05-19

C-RAD publishes outcome of the rights issue

outcome of the rights issue

Press release 2016-05-19

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES,
AUSTRALIA, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, JAPAN OR HONG KONG OR
WITHIN ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS PRESS RELEASE
WOULD NOT COMPLY WITH APPLICABLE LAWS AND REGULATIONS.

C-Rad AB (publ) (”C-RAD” or the ”Company”) today announces that the fully
guaranteed new share issue with preferential right for existing shareholders
(the ”Rights Issue”) has been completed. A total of SEK 32,115,575.25,
corresponding to 70.7 percent of the Rights Issue was subscribed for. SEK
29,526,403.50, corresponding to 65.0 percent of the Rights Issue, was
subscribed for with subscription rights and a total of SEK 2,589,171.75,
corresponding to 5.7 percent of the Rights Issue, was subscribed for and
allocated without subscription rights. The remaining part of the Rights Issue,
corresponding to SEK 13,311,647.25 or 29.3 percent of the total proceeds, was
allocated to guarantors. As the Rights Issue was not over-subscribed, the
over-allotment option described in the prospectus will not be exercised.

Shares subscribed for without subscription rights have been allotted in
accordance with the principles stated in the prospectus prepared in connection
with the Rights Issue and published on April 28, 2016. Notice of the allotment
of shares subscribed for without subscription rights will be sent out within
shortly to those who have been allotted shares.

In total, the Rights Issue will provide C-RAD with SEK 45,427,222.50 before
issue costs. The number of shares will increase from 22,025,323 to 27,531,653
shares, of which 862,887 are A-shares and 26,668,766 are B-shares, when the new
shares have been registered with the Swedish Companies Registration Office.
Trading in the new shares on Nasdaq Stockholm is expected to start around May
30, 2016.

C-RAD’s CEO Tim Thurn’s comments:

”During the last years our direct sales force has shown to be the most
effective and efficient sales channel for our products in the mid-term.
Therefore we have invested and continue to invest in our sales force in
existing as well as in new markets which show large potential. The proceeds
from the share increase will enable us to finance the expansion. Now we will
focus our resources to develop the business and achieve our targets.”

Advisors
Pareto Securities AB was acting as financial advisor and Baker & McKenzie
Advokatbyrå KB was acting as legal advisor to Pareto Securities and C-RAD in
conjunction with the Rights Issue.

IMPORTANT INFORMATION

This press release is not an offer or solicitation to acquire shares in C-RAD.

This press release does not constitute or form part of an offer or solicitation
to purchase or subscribe for securities in the United States. The securities
referred to herein may not be sold in the United States absent registration or
an exemption from registration under the US Securities Act of 1933, as amended.
C-RAD does not intend to register any portion of the offering of the securities
in the United States or to conduct a public offering of the securities in the
United States. The information in this press release may not be announced,
published or distributed, directly or indirectly, to the United States, Canada,
Australia, New Zealand, Singapore, South Africa, Japan or Hong Kong or in any
other jurisdiction where the announcement, publication or distribution of the
information would not comply with applicable laws and regulations.

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