Opcon: Directed share issue of 30 m shares at 0,57 SEK/share to Chinese Snowman

  · Decision by the Board to issue 30.000.000 shares at 0,57 SEK/share
  · Strengthens strategic cooperation in order to get Opcon technology to the
Chinese market

As authorized by the annual general meeting of shareholders, Opcon’s Board has
decided to carry out a directed issue of 30.000.000 new shares at a price of SEK
0.57 per share. The shares are issued for Hong Kong Snowman Technology Ltd. who
has subscribed for the full amount.

After the registration of the new shares, the total number of issued shares in
Opcon Aktiebolag (publ) will amount to 374.414.145.
Ever since the summer 2011, the energy and environmental technology Group
Opcon’s Center of Excellence for compressor technology, Svenska Rotor Maskiner
(SRM), has built a closer cooperation with Snowman in China for development of
cutting-edge, energy-efficient cooling compressors for manufacturing in China.

Only during the last year sales of development of screw-compressors to Snowman
has close to tripled.

During 2013, Hong Kong Snowman Technology Ltd. became a 10 % owner of Opcon.
With this new share issue Snowman increases its ownership to 17.2 %.

The rights issue aim at strengthening the development of the long-term strategic
cooperation that has been initiated and to tie both companies even closer
together. At the same time it strengthens Opcon’s financial position and helps
creating resources for present focus areas like the marine version of the Opcon
Powerbox.

“Our relationship with Snowman has been strengthened significantly during this
last year and we now plan for significant business with each other in the years
to come. Both regarding further development and as a result of the license
agreement already signed. But also in other areas where we want take the
technology we have developed to the Chinese market. With what we see of
Snowman’s plans and investments I believe this license agreement might be SRM’s
largest and most important one ever, where success for Snowman will mean success
for Opcon”, says Rolf Hasselström, President and CEO of Opcon AB.

“SRM’s technology is cutting-edge, world leading and an important part of our
offer to our customers. With our investment in Opcon we want to strengthen the
company and secure and build a foundation for long-term development of the very
good cooperation we have initiated where SRM and Opcon are and will be of
strategic importance to us. A state-of-the-art development of energy- and
environmental technology is of utmost importance for China and Snowman as a
company,” says Rujie Lin, President and Managing Director of Fuijan Snowman Co.
Ltd.

The price of the share issue has been set to 0.57 SEK/share. The rights issue
will bring Opcon 17.100.000 SEK before costs. Allocation of shares and
registration for trading is expected before the end of March 2014.

The company’s share capital will increase by SEK 35.500.000. Since the
subscription price for the issue has been set at an amount below the shares’
nominal value, SEK 20.400.000 shall be transferred to the company’s share
capital through a transfer from shareholders’ equity.

Hong Kong Snowman Technology Ltd. is a fully owned subsidiary of Fuijan Snowman
Co. Ltd, Fuzhou, Fuijan, China. Fuijan Snowman Co. Ltd was founded in 2000 and
is listed on the Shenzen stock exchange. The Group has around 650 employees.
Snowman is one of China’s largest actors in industrial cooling. Marketing of its
goods and services is primarily done through the brand Snowkey.
For further information, please contact

Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. 46 8-466 45
00, 46-70-592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. 46 8-466 45 00, fax 46 8-716 76 61
e-mail: info@Opcon.se

www.Opcon.se
The Opcon Group

Opcon is an energy and environmental technology Group that develops, produces
and markets systems and products for eco-friendly, efficient and resource
-effective use of energy.

Opcon has activities in Sweden, Germany and the UK. There are around 150
employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group
comprises one business area:

Renewable Energy focuses on the following areas: electricity generation based on
waste heat, bioenergy-powered heating and CHP plants, pellets plants, handling
systems for biomass, sludge and natural gas, industrial cooling, flue gas
condensation, treatment of flue gases and air systems for fuel cells.

About SRM

Svenska Rotor Maskiner AB (SRM) is Opcon's Center of Excellence for compressor
technology. In 2008, SRM celebrated 100 years of industrialization and
development of technology for effective and resource-efficient energy usage. SRM
was founded in 1908 as AB Ljungströms Ångturbin, in order to develop the double
rotation steam turbine which was invented by Birger Ljungström and that was
later sold to what today is the turbine manufacturer, Siemens Industrial
Turbomachinery AB. For over 100 years, SRM has developed a number of products
for the world market and since the 1930s has developed compressor technologies,
with major licensees such as Howden, Kobe Steel, Atlas Copco, Hitachi, IR,
Carrier, York, Trane, Kobelco, among others. This technological basis today
forms an important part of the Renewable Energy business area's efforts in Waste
Heat Recovery and production of electricity from waste heat, including Opcon
Powerbox.

Opcon AB (publ) is obliged to disclose the information in this press release in
accordance with the Swedish law governing the securities markets and/or trading
in financial instruments.
The information was submitted for publication at 08.15 (CET) on Friday 21
February 2014.