Completion of compulsory acquisition of minority shareholdings in Veripos

        Print
| Source: Hexagon AB
Reference is made to the stock exchange notice from Hexagon AB (“Hexagon”) on 10
February 2014 where Hexagon expressed its intention, following settlement of the
voluntary offer for the shares in Veripos Inc. (“Veripos”) announced by Hexagon
on 20 December 2013 (the “Offer”), to complete a compulsory acquisition of any
minority shares in Veripos not already owned indirectly by Hexagon. Cash
settlement of the Offer was, as announced, conducted on 18 February 2014,
following which Hexagon became owner of 97.28 per cent of the total shares in
Veripos through its wholly owned subsidiaries Hexagon Acquisition Ltd (“Hexagon
Acquisition”) and Hexagon Positioning Limited (“Hexagon Positioning”).

Following an authorization provided by the extraordinary general meeting in
Veripos (the “EGM”) to the board of directors of Veripos on 28 February 2014,
the respective board of directors of Hexagon Acquisition and Veripos resolved to
enter into a plan of merger (the “Merger”).

The Merger was completed yesterday, 13 March 2014, after 16:30 CET, and is
effective as of 12 March 2014 (the "Effective Date"). Under the terms of the
Merger, as at the Effective Date, Hexagon Positioning became the owner of 100
per cent of the shares in Veripos, and the 2.72 per cent of shares in Veripos
which at 16:30 CET on the Effective Date were not indirectly owned by Hexagon
were cancelled against a right for the holders of such shares to receive NOK 37
(the Consideration”) in respect of each share in Veripos which they were
entitled to at such time.

Settlement of the Consideration will take place on or about 18 March 2014
through payment in cash made by DNB Bank ASA, on behalf of Hexagon, to the bank
account registered with the former shareholder’s VPS account. Shareholders
resident in Norway without a bank account registered with the VPS account will
receive a payment voucher. Shareholders resident outside Norway without a
Norwegian bank account registered with the VPS account will receive payment by
cheque. Shareholders who held their shares through a broker or other
intermediary should contact that broker or other intermediary for instructions
and assistance in receiving the Consideration to which such shareholder is
entitled.

Veripos has applied to Oslo Børs for delisting of the shares and expects such
delisting to take place shortly following the completion of the Merger.
For further information please contact:
Carl Gustafsson, Investor Relations Manager, Hexagon AB,
46 8 601 26 27, ir@hexagon.com

Kristin Christensen, Vice President, Corporate Communications, Hexagon AB,
1 404 554 0972, media@hexagon.com
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design,
measurement and visualisation technologies. Our customers can design, measure
and position objects, and process and present data, to stay one step ahead of a
changing world. Hexagon’s solutions increase productivity, enhance quality and
allow for faster, better operational decisions, saving time, money and
resources. Hexagon has more than 14,000 employees in over 40 countries and net
sales of about 2,400 MEUR. Our products are used in a broad range of industries
including surveying, power and energy, aerospace and defence, construction,
safety and security, automotive and manufacturing. Learn more at
www.hexagon.com.