Cash offer from Lifco AB announced to the shareholders of NOTE AB (publ)


Lifco AB has today, Monday the 3rd of December 2012, announced a cash offer to
the shareholders of NOTE AB.

  · Lifco offers SEK 8.00 in cash per share in NOTE, corresponding to a total
offer value of around SEK 231 million.
  · The offer represents a premium of 38 percent compared to the closing share
price of SEK 5,80 per share in NOTE on 30 November 2012. Compared to the volume
weighted average share price during the last 30 trading days of SEK 5.93 per
share in NOTE, the offer represents a premium of 35 per cent.
  · The acceptance period is expected to commence around 2 January 2013 and end
around 23 January 2013.

The acquisition of NOTE is likely to require approval of competition
authorities. Relevant approvals are expected to be obtained prior to the end of
the acceptance period set out above.

Lifco currently does not hold or control any shares in NOTE.

Conditions for the offer
Completion of the offer is conditional upon:

1. the offer being accepted to such an extent that Lifco becomes the owner of
shares representing more than 90 per cent of the outstanding shares in NOTE on a
fully diluted basis;

2. no other party announcing an offer to acquire shares in NOTE on terms that
are more favorable to the shareholders of NOTE than the offer;

3. all regulatory, governmental or similar clearances, approvals and decisions
necessary to complete the offer, including approvals and clearances from
competition authorities, being obtained, in each case on terms which, in Lifco’s
opinion, are acceptable;

4. neither the offer nor the acquisition of NOTE being rendered partially or
wholly impossible or significantly impeded as a result of legislation or other
regulation, any decision of court or public authority, or any similar
circumstance, which is actual or can reasonably be anticipated, and which Lifco
could not reasonably have foreseen at the time of announcement of the offer;

5. no circumstances, which Lifco did not have knowledge of at the time of
announcement of the offer, having occurred that have or can be expected to have
a material adverse effect upon NOTE’s sales, results, liquidity, equity or
assets;

6. no information made public by NOTE or disclosed by NOTE to Lifco being
materially inaccurate, incomplete or misleading, and NOTE having made public all
information which should have been made public; and

7. NOTE not taking any measures that are liable to impair the prerequisites for
making or implementing the offer.

Lifco reserves the right to withdraw the offer in the event that it is clear
that any of the above conditions is not satisfied or cannot be satisfied.
However, with regard to conditions 2-7, the offer may only be withdrawn where
the non-satisfaction of such condition is of material importance to Lifco’s
acquisition of NOTE. Lifco reserves the right to waive, in whole or in part,
one, several or all of the conditions set out above, including, with respect to
condition 1, to complete the offer at a lower level of acceptance.

For more information on the offer, please visit http://lifco.se/offer-to-the
-shareholders-of-note.

For more information, please contact:
Stefan Charette, Chairman of the Board, tel. +46 (0)73 994 70 79
Peter Laveson, CEO and President, tel. +46 (0)8 568 99006, +46 (0)70 433 9999
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686
About NOTE
NOTE is one of the leading manufacturing partners for electronics production in
the Nordics. NOTE produces PCBs, sub-assemblies and box build products. NOTE's
offering covers the whole product lifecycle, from design to after-sales. NOTE
has a presence in Sweden, Norway, Finland, the UK, Estonia and China. In 2011,
net sales were SEK 1,209 million; the group has approximately 900 employees.
NOTE is listed on the NASDAQ OMX Stockholm Exchange. For more information,
please go to www.note.eu.

NOTE AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act.
The information was submitted for publication on 3 December 2012 at 12:15 p.m.

Attachments

12037707.pdf