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2014-04-29

Wema Group Holding AS: WEMA GROUP HOLDING AS - SUCCESSFUL PLACEMENT OF NEW SENIOR SECURED BOND

Wema Group Holding AS has successfully completed a new senior secured bond
issue of NOK 250 million in the Norwegian bond market with maturity in May
2017, priced at 3 months NIBOR plus 4.65 per cent. Settlement date is
expected to be 9 May 2014.

An application will be made for the bonds to be listed on the Nordic ABM. The
use of proceeds will go towards refinancing of existing indebtedness and
general corporate purposes.

Danske Bank Markets acted as sole lead managers and bookrunner for the
issuance.

Wema has over the last 25 years grown to be the undisputed global leader (by
market share and technological innovation) in the development, design and
manufacturing of mission-critical fuel and AdBlue (diesel exhaust fluid)
sensors for on-road and off-road commercial vehicles. Wema has the worldwide
highest installed base of fuel and AdBlue level sensors to the on-road and
off-road market totaling more than 15 million.

Wema is owned 66% by the private equity fund Norvestor V L.P. The remaining
ownership is held by the founding family (28%) and employees (6%).

For further information, please contact:

Wema Group Holding AS

Bjørn Frivik
Chief Executive Officer
Telephone: +47 99 08 78 78

Bjarte Eikeland
Chief Financial Officer
Telephone: + 47 93 00 67 11

Nicolay Friis
Danske Bank, Debt Capital Markets
Telephone: +47 45 21 10 32

Bergen, 29 April 2014

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wema Group Holding AS via Globenewswire

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