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Gunvor Group Ltd, "Gunvor Group", has on 15 April 2014 announced that
it has acquired 50 per cent of the shares in Meerwind AB, "Meerwind".
Gunvor Group now owns 100 per cent of Meerwind, which owns shares
representing approximately 79 per cent of the shares in Rörvik Timber
AB, "Rörvik Timber". Rörvik Timber's shares are traded on NASDAQ OMX
Stockholm Small Cap.

Gunvor Group's acquisition of shares in Meerwind results in an
indirect change of control of Rörvik Timber and gives rise to an
obligation for Gunvor Group to make a mandatory bid for all shares
and to all shareholders in Rörvik Timber. The Swedish Securities
Council has granted Gunvor Group an exemption for six month from the
obligation to make a mandatory bid.

Gunvor Group intends to return within six months with information on
any mandatory bid for the remaining shares of Rörvik Timber.

This press release may not be distributed, either directly or
indirectly, in or to Australia, Canada, Hong Kong, Japan, New
Zealand, South Africa, the US or any country in which this would
require additional documentation, registration or other measures
above and beyond what is required by Swedish law. This press release
is not a public offer to acquire shares.

For more information, please contact:
Seth Thomas Pietras
Corporate Affairs Director
+41 79 870 6290


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