Alfa Laval does not complete its public offer to the shareholders in Munters

Alfa Laval does not complete its public offer to the shareholders in
Munters

On September 6, 2010, Alfa Laval announced a cash offer to the
shareholders in Munters of SEK 68 per share (the “Offer”). On account of
Cidron Intressenter AB's public offer to the shareholders in Munters on
September 29, 2010, Alfa Laval increased the price in the Offer to SEK
75 per share in cash on October 1, 2010. On October 13, 2010, Cidron
Intressenter AB increased its offer to SEK 77 per share.

Alfa Laval announced through a press release dated October 14, 2010,
that Alfa Laval has decided to leave its Offer to the shareholders in
Munters of SEK 75 per share unchanged.
At the end of the acceptance period last Friday, October 15, 2010, Alfa
Laval had received acceptances in respect of 516,451 shares in Munters,
which is equivalent to 0.70 percent of the shares and votes in Munters.
The Offer is, among other things, conditional upon the Offer being
accepted to such extent that Alfa Laval becomes the owner of more than
90 percent of the shares in Munters. Since it is clear that this
condition is not fulfilled, Alfa Laval will not complete the Offer.
Alfa Laval has agreed with AB Industrivärden and Investment AB Latour
that their respective agreement to accept the Offer shall no longer be
valid. 
Alfa Laval has not acquired any shares in Munters outside of the Offer
and does not own or otherwise control any shares in Munters.
The shares tendered in the Offer will automatically be returned to their
respective owners.
The information in this press release was submitted for publication on
October 18, 2010 at 08.50 (CET).
For more information please contact:
Lars Renström
President and CEO
Alfa Laval AB
Tel: +46 46 36 72 00
Thomas Thuresson
CFO
Alfa Laval AB
Tel: +46 46 36 72 40
Peter Torstensson
Senior Vice President,
Communications
Alfa Laval AB
Tel: +46 46 36 72 31
Mobile: +46 709 33 72 31
This press release may not be distributed, directly or indirectly, into
or in, the United States of America, Australia, Japan, Canada, South
Africa or New Zealand. The Offer is not being made to (and acceptances
will not be accepted from) persons in those countries or elsewhere where
their participation requires further documentation, filings or other
measures in addition to those required by Swedish law.