Johan Sjö new President & CEO of Addtech

The Board of Directors of Addtech AB has appointed Johan Sjö to serve
as new President and Chief Executive Officer of the Company effective
as of 1 January 2008. The current President, Roger Bergqvist, will
remain in his position until then. Thereafter Roger Bergqvist will be
active in the Addtech Group in development and strategy issues.

Johan Sjö has been a member of group management at B&B TOOLS since
2003, where he was President of B&B Development and a driving force
in the group's expansionary phase, which during the past year
included the acquisition of some 40 companies. B&B TOOLS, with annual
revenue of SEK 8.2 billion, supplies the industrial and construction
sectors in northern Europe with tools, industrial consumables and
industrial components and kindred services. During the years 1994 -
2002 Johan Sjö was active at Alfred Berg, in areas such as analysis
and corporate finance. Johan Sjö is 40 years old and has a degree in
economics from the School of Economics at Växjö University."Approaching his 60th birthday, Roger Bergqvist has taken the
initiative to change his work situation," says Anders Börjesson,
Chairman of Addtech AB. "Roger has been a crucial force behind
Addtech's establishment as a listed company and the positive
development of the Group since the listing in 2001. My colleagues on
the Board of Directors and I are therefore pleased to be able to meet
with Roger's wishes. The Board of Directors is convinced that Johan
with his solid experience in trade and industry is the right person
to take on the job of further developing the successful business that
is today's Addtech."


Stockholm, 27 August 2007

Addtech AB

For further information, contact:
Anders Börjesson, Chairman, Addtech AB, +46 8 470 49 00
Roger Bergqvist, President, Addtech AB, +46 8 470 49 00
Johan Sjö +46 70 799 40 44