FinnvedenBulten grows its light weight business

- Signs agreement to form joint venture in China and receives significant order

PRESS RELEASE
Gothenburg 20 December, 2012

FinnvedenBulten announces today that the division Finnveden Metal Structures has
signed an agreement with Beijing Hainachuan Automotive Parts Co., Ltd (BHAP) and
Amgain Shandong Magnesium Co., Ltd (Amgain) to form a Joint Venture for
manufacturing of light weight die casted components in China. Simultaneously,
the division has received a significant order from a European automotive
manufacturer to deliver die cast magnesium structures. The annual value of the
order is approximately 80 MSEK and the contract runs for about ten years. Both
these events further strengthen FinnvedenBulten’s position within die casted
magnesium components.
FinnvedenBulten’s division Finnveden Metal Structures will, through a total
investment of approximately CNY 44 million, become the largest shareholder in
the joint venture with a 40 percent ownership. The two other owners BHAP, owned
by Beijing Automotive Industry Holding Co Ltd, BAIC, and Amgain will
respectively invest CNY 33 million and hold 30 percent each. Thereby, the Group
establishes its second operation and production facility in the expanding
Chinese market. The agreement is subject to final board approval in
FinnvedenBulten.

The operations to be included in the joint venture is an up and running new die
casting factory located in Heze City, in the Shandong Province (between Beijing
and Shanghai) which will create an excellent platform for the joint venture
company with a significant growth potential with customers within the automotive
industry, but also within industries such as high speed trains and telecom.

Simultaneously, division Finnveden Metal Structures has received a significant
order regarding delivery of die casted magnesium components to an existing
customer - a European automotive manufacturer - with the annual value of
approximately 80 MSEK that runs for about ten years. Manufacturing will
initially take place at the Group's foundry in Bielsko-Biala, Poland, with
production starting 2015. Later on the production will also be extended to take
place in China.

"Through both these events we clearly strengthen our position within die casted
magnesium components, which is strategically important as the industry demand
for light weight components gradually increases. In cooperation with BHAP and
Amgain we now see significant growth opportunities in the Chinese market
together with existing European customers present in China as well as
approaching with potential new customers through BHAP", says Johan Westman,
President and CEO of FinnvedenBulten and head of division Finnveden Metal
Structures.

For further information, please contact:
Johan Westman
President and CEO FinnvedenBulten AB and head of division Finnveden Metal
Structures
Tel: +46 (0)31-734 59 00, e-post: media@finnvedenbulten.com

Roger Holtback
Chairman of the Board, FinnvedenBulten AB
Tel: +46 (0)70-548 68 18

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The information in this announcement is required to be disclosed by
FinnvedenBulten AB (publ) under the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act. The information was submitted for publication
at 08:59 CET on December 20, 2012.

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FinnvedenBulten develops and manages industrial businesses, offering products,
technical solutions and systems in metallic materials. The Group operates as a
business partner to international customers in the engineering industry,
primarily the automotive industry. FinnvedenBulten is structured into two
divisions – Bulten and Finnveden Metal Structures – both with strong positions
in their respective customer segments. FinnvedenBulten is listed on NASDAQ OMX
Stockholm. Further information at www.finnvedenbulten.com.

Division Finnveden Metal Structures manufactures products in steel, magnesium
and aluminium, or a combination of those materials. The main manufacturing
processes are stamping, die casting and joining. The components include
interior, chassis and body parts for the automotive industry, as well as
customised components for general industry.