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2016-10-28

NIBE’s rights issue oversubscribed

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NIBE’s rights issue oversubscribed

The preliminary result of the rights issue in NIBE Industrier AB (publ) (”NIBE”
or the “Company”), for which the subscription period ended on October 25, 2016,
shows that the rights issue is oversubscribed. As a result of the rights issue,
NIBE will receive proceeds amounting to approximately SEK 3,024 million before
costs related to the rights issue.

Markaryd, Sweden, 2016-10-28 08:00 CEST (GLOBE NEWSWIRE) -- NOT FOR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
AUSTRALIA, JAPAN, HONG KONG, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE
UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES BESIDES THOSE REQUIRED
BY SWEDISH LAW.

The preliminary result shows that 7,391,566 shares of class A, corresponding to
approximately 100.0 per cent of the shares of class A offered, and 55,154,960
shares of class B, corresponding to approximately 99.2 per cent of the shares
of class B offered, have been subscribed for by the exercise of subscription
rights. This implies that a total of approximately 99.3 per cent of the rights
issue has been subscribed for by the exercise of subscription rights.
Additionally, applications for subscription without subscription rights of
30,359,572 shares of class B, corresponding to approximately 54.6 per cent of
the shares of class B offered, have been received. Thus, the rights issue is
oversubscribed.

As a result of the rights issue, NIBE will receive proceeds amounting to
approximately SEK 3,024 million before costs related to the rights issue. The
rights issue will increase NIBE’s share capital with approximately SEK
9,844,073.44 to approximately SEK 78,752,597.19 by issuing 7,391,566 shares of
class A and 55,610,504 shares of class B. The number of shares in NIBE after
the rights issue will amount to 504,016,622 shares, whereof 59,132,590 shares
of class A and 444,884,032 shares of class B.

The new shares of class A and class B subscribed for by the exercise of
subscription rights are expected to be registered by the Swedish Companies
Registration Office (“SCRO”) on or about October 31, 2016. The last day of
trading in the interim shares (“BTA”) was on October 27, 2016. The new shares
of class B are expected to start trading at Nasdaq Stockholm and SIX Swiss
Exchange on or about November 2, 2016.

The final result of the rights issue will be published through a press release
from NIBE on or about November 2, 2016. Allotment of shares of class B that
were subscribed for without subscription rights will be made in accordance with
the principles outlined in the prospectus. As confirmation of allocation of
shares of class B subscribed for without subscription rights, a transaction
note will be sent to those who have been allotted shares, which is expected on
or about November 2, 2016. No communication will be sent to those who have not
been allocated shares. Subscribed and allotted shares of class B must be paid
for in cash in accordance with the instructions in the transaction note sent to
those who have been allotted shares.

The new shares of class B subscribed for without subscription rights are
expected to be registered by the SCRO on or about November 11, 2016, and are
expected to start trading at Nasdaq Stockholm and SIX Swiss Exchange on or
about November 15, 2016.

Financial and legal advisors
Danske Bank and Handelsbanken Capital Markets are acting as financial advisors
to NIBE in connection with the rights issue. Advokatfirman Delphi is acting as
legal advisor to NIBE in connection with the rights issue.

About NIBE
NIBE is a Global Group contributing to a more sustainable world with solutions
for Indoor Climate and Comfort, as well as components and solutions for
Measuring, Controlling, and Electric Heating. NIBE has over 60 years of
experience in manufacturing products for both residential and commercial use.
It all began in southern Sweden, in the province of Småland. Today, NIBE has
operations and sales on five continents.

NIBE has cultivated a Culture of Entrepreneurship and a Passion for Conducting
Business. Investments in Sustainability-Oriented Product Development and
Corporate Acquisitions have led to significant expansion of the NIBE Group,
which had sales exceeding SEK 13 billion (approximately USD 1.5
billion/approximately Euro 1.4 billion) in 2015. Operations are pursued through
three different Business Areas: NIBE Climate Solutions, NIBE Element, and NIBE
Stoves – with over 11,000 employees in Europe, North America, Asia, and
Australia.

Since 1997, the NIBE Group has been listed under NIBE Industrier on the Nasdaq
Stockholm Exchange, Large Cap, with a secondary listing on the SIX Swiss
Exchange since 2011.

For further information, please Contact NIBE:

Gerteric Lindquist, Managing Director and CEO, +46 433 73 076

Hans Backman, CFO, +46 433 27 34 69

Christel Fritiofsson, IR-Contact, +46 433 73 078

This information is information that NIBE Industrier AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication through the agency of Benny Torstensson at 08.00 CET
on October 28, 2016.

Important notice

The information in this press release does not contain or constitute an offer
to acquire, subscribe or otherwise trade in shares or other securities in NIBE.
No action has been taken and measures will not be taken to permit a public
offering in any jurisdictions other than Sweden and Switzerland. Any invitation
to the persons concerned to subscribe for shares in NIBE will only be made
through the prospectus that NIBE published on October 6, 2016.

The information in this press release may not be released, published or
distributed, directly or indirectly, in or into the United States (including
its territories and provinces, every state in the United States and the
District of Columbia), Canada, Australia, Japan, Hong Kong, New Zeeland,
Singapore, South Africa or any other jurisdiction in which such action is
subject to legal restrictions or would require other measures than those
required by Swedish law. Actions in violation of these restrictions may
constitute a violation of applicable securities laws.

No shares or other securities in NIBE have been registered, and no shares or
other securities will be registered, under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”) or the securities legislation of
any state or other jurisdiction in the United States and no shares or other
securities may be offered, sold or otherwise transferred, directly or
indirectly, in or into the United States, except under an available exemption
from, or in a transaction not subject to, the registration requirements under
the U.S. Securities Act and in compliance with the securities legislation in
the relevant state or any other jurisdiction of the United States.

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