AAK strengthens its geographical footprint by acquiring FANAGRA in Colombia

| Source: AarhusKarlshamn AB
AAK has acquired Fabrica Nacional de Grasas S.A. (FANAGRA), a Colombian company
that specializes in vegetable oils and fats for the bakery segment. The company
has 155 employees and had revenues of approximately SEK 270 million last year,
with an annual volume of 30,000 tonnes.

“This acquisition will reinforce AAK’s speciality oils and fats strategy and
offers a strong foothold in Colombia, the third largest GDP in Latin America,”
says Octavio Díaz de León, President Northern Latin America. “FANAGRA shows a
significant potential to grow and emerge as an important player in the Colombian
industrial market in which AAK will launch its innovative co-developed products
that address global and local trends.”

FANAGRA, with its plant located in Villavicencio and headquartered in Bogotá, is
characterized by its high local market penetration through direct customer
relationships and strong independent distributors. This platform will create
cross-selling opportunities to existing and future customers.

“The acquisition is an integral part of our company program AAKtion. It
strengthens our presence in another fast-growing economy in the strategically
important bakery market,” says Arne Frank, President and CEO, AAK Group. “It
will also serve as a platform for increased sales of speciality and semi
-speciality products within Dairy and Chocolate & Confectionery Fats in Colombia
and Northern Latin America.”

The acquisition’s impact on AAK’s 2014 operating profit is expected to be
limited, but will fully contribute starting in January 2015. The acquisition
will have a slightly dilutive impact on EBIT per kilo for Food Ingredients.

Further information about the acquisition will be communicated in connection
with the release of AAK´s Interim report for the second quarter 2014, on July
17, 2014.

For further information, please contact:

Fredrik Nilsson            Anders Byström
CFO                        Director External Accounting & Investor Relations
Phone: + 46 40 627 83 34   Phone: +46 40 627 83 32
Mobile: + 46 708 95 22 21  Mobile: +46 709 88 56 13

The information is that which AAK AB (publ) is obliged to publish under the
provisions of the Stock Exchange and Clearing Operations Act and/or the Trading
in Financial Instruments Act. The information was released to the media for
publication on July 10, 2014 at 9 am CET

AAK is one of the world’s leading producers of high value-added speciality
vegetable oils and fats solutions. These oils and fats solutions are
characterized by a high level of technological content and innovation. AAK`s
solutions are used as substitute for butter-fat and cocoa butter, trans-free and
low saturated solutions but also addressing other needs of our customers. AAK
has production facilities in Belgium, Colombia, Denmark, Mexico, the
Netherlands, Sweden, Great Britain, Uruguay and the US. Further AAK has also
toll manufacturing operations in Russia and Malaysia. The company is organized
in three Business Areas; Food Ingredients, Chocolate and Confectionery Fats and
Technical Products & Feed. AAK’s shares are traded on the NASDAQ OMX, Stockholm,
within the Large Cap segment. Further information on AAK can be found on the
company’s website www.aak.com.