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2014-03-14

Nexam Chemical: Successfully completed new share issue in Nexam

Nexam Chemical Holding AB (publ) ("Nexam") today announces that the
company has completed a directed new share issue of 3,000,000 new
shares, providing the company with SEK 67.5 million before reduction
of transaction costs.

This press release may not be announced publisher or distributed,
directly or indirectly, in the United States, Canada, Hong Kong,
Japan, New Zealand, South Africa or Australia.

The directed new share issue, which was announced on March 13, 2014,
has allowed Nexam to issue 3,000,000 new shares to international
institutional investors and qualified investors in Sweden at a price
of SEK 22.50 per share through an accelerated book-building process.

The proceeds from the new share issue are intended to be used to
finance and enabling the continuance of a high rate of expansion and
the development of the company, its markets and products.

"The completed new share issue strengthens our financial position and
enables an accelerated high rate of expansion and increased market
penetration of Nexam's unique product offering. It is pleasing to see
that interest in participating in the offering has been great among
both Swedish and international institutional investors" says Per
Palmqvist Morin, CEO of Nexam.

To implement the new share issue, the Board of Directors has resolved,
pursuant to the authorization given by the general meeting on March
20, 2013, on a directed new share issue of 3,000,000 new shares. The
purpose of the resolution to issue new shares with deviation from the
shareholders' preferential rights, is primarily to take advantage of
an opportunity to raise capital on advantageous terms from new, from
a financial perspective, strategically important owners, thereby
promoting Nexam's ability to create further value for all
shareholders.

The new issue results in an equity dilution of 5.8 per cent based on
the number of shares after the new share issue. The subscription
price has been established through a customary book-building process.
In relation to the 10 day volume weighted average share price on the
last trading day before the resolution on issuance of new shares, the
subscription price corresponds to a discount of approximately 14.1
per cent. In relation to the market close price on March 13, 2014,
the subscription price corresponds to a discount of approximately 8.9
per cent. Current major shareholders have undertaken to temporarily
lend required number of shares to facilitate expeditious delivery to
the share subscribers.

Financial and legal advisors

ABG Sundal Collier AB has served as financial advisor and sole
bookrunner and Setterwalls Advokatbyrå AB has served as legal advisor
in connection with the new share issue.

Important information

The publication or distribution of this press release may in certain
jurisdictions be subject to restriction by law, and persons in the
jurisdictions where this press release has been published or
distributed should inform themselves of and follow such legal
restrictions. This press release does not contain or constitute an
invitation or offer to acquire, subscribe to or otherwise trade with
shares, subscription rights or other securities in Nexam.

This press release may not be made public, published or distributed,
either directly or indirectly in the United States, Canada, Hong
Kong, Japan, New Zealand, South Africa, Australia or any other
country where such procedures are subject in full or in part to legal
restrictions. Nor may the information in this press release be
communicated, reproduced or presented in any way that is in conflict
with such restrictions. Failure to follow this instruction may
involve a breach of the United States Securities Act from 1933
("Securities Act") or applicable laws in other jurisdictions.

This press release may contain forward-looking statements. When used
in this press release, words such as "evaluate", "expect" and
"intend" are intended to identify forward-looking statements. They
may involve risks and uncertainties, including product demand and
market acceptance, the effect of economic conditions, the impact of
competitive products and pricing, foreign currency exchange rates and
other risks. These forward-looking statements reflect the views of
the management as of the date made with respect to future events and
are subject to risks and uncertainties. All of these forward-looking
statements are based on estimates and assumptions made by the
management and are believed to be reasonable, though are inherently
uncertain and difficult to predict. Actual results or experience
could differ materially from the forward-looking statements. Nexam
disclaims any intention or obligation to update these forward-looking
statements.

For more information, please contact:
Lennart Holm, Chairman of the Board: +46 (0)706 30 8562
Per Palmqvist Morin, CEO, +46 (0)706 55 55 82

Nexam is a Swedish company with a world-leading technology within its
area for heat-activated crosslinking of plastics and polymers. The
company develops, manufactures and markets unique heat-activated
crosslinkers to the plastics market. A company description and more
information about the business will be found on www.nexam.se. The
company's Certified Adviser is Remium Nordic AB.

Note: This press release has been translated from Swedish. The Swedish
text shall govern for all purposes and prevail in case of any
discrepancy with the English version.

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http://news.cision.com/nexam-chemical/r/successfully-completed-new-share...
http://mb.cision.com/Main/6364/9551291/220325.pdf

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