Release from the Extraordinary General Meeting of BE Group

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| Source: BE Group AB
Today, at the extraordinary general meeting in BE Group (publ), the following
resolution was adopted:

Approval of the resolution by the Board of Directors on a new share issue

The general meeting resolved to approve the resolution by the Board of Directors
to issue new shares with preferential right for the existing shareholders.
According to the terms and conditions of the new share issue each existing share
held on the record date for participation in the new share issue on 17 February
2014 shall entitle to 1 subscription right and 2 subscription rights entitle to
subscription for 1 new share. The subscription price is SEK 6.50 per share
which, if fully subscribed, corresponds to total rights issue proceeds of MSEK
160.7 before transaction costs.

In the event that not all shares are subscribed for with preferential rights,
the Board of Directors shall resolve on the allotment of shares subscribed for
without subscription rights up to the maximum amount of the new share issue. In
such case, such shares shall be allotted to those who have subscribed for shares
by the exercise of subscription rights and notified that they wish to subscribe
for additional shares, irrespective of whether they were shareholders on the
record date, pro rata in relation to the number of subscription rights each one
has exercised for subscription. Any remaining shares shall be allotted those who
have provided guarantees for the share issue pro rata in relation to the
provided guarantee undertakings, among them the company’s largest shareholder AB
Traction. In so far as allotment in accordance with the above cannot be executed
pro rata, allotment shall be made by drawing of lots.

By the new share issue, the company’s share capital shall be increased by not
more than SEK 50,465,567.35 through the issuance of a maximum number of
24,728,128 shares.

Additional information on the new share issue will be included in the prospectus
expected to be published around 18 February 2014.

The general meeting’s resolution to approve the Board of Directors’ resolution
to issue new shares was approved by more than a two-third majority disregarding
AB Tractions’ shares in the Company. In accordance with a ruling from the
Swedish Securities Council (Sw. Aktiemarknadsnämnden), AB Traction is thereby
granted exemption from the potential mandatory bid obligation that could arise
for AB Traction in connection with subscription of shares under its underwriting
guarantee.

The minutes from the extraordinary general meeting will be available on the
company’s webpage, www.begroup.com.

For further information, please contact:
Kimmo Väkiparta, President and CEO
tel.: +46 (0)705 972 342  e-mail: kimmo.vakiparta@begroup.com

Torbjörn Clementz, CFO and Executive Vice President
tel.: +46 (0)708 690 788  e-mail: torbjorn.clementz@begroup.com

BE Group, listed on the NASDAQ OMX Stockholm exchange, is a trading and service
company in steel and other metals. BE Group provides various forms of service
for steel, stainless steel and aluminium applications to customers primarily in
the construction and engineering sectors. In 2013, the Group reported sales of
SEK 4.0 Bn. BE Group has approximately 800 employees, with Sweden and Finland as
its largest markets. The head office is located in Malmö, Sweden. Read more
about BE Group at www.begroup.com