The Board of BE Group resolves on terms for the rights issue

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Australia, Hong Kong, Canada or Singapore or any other jurisdiction where such
distribution of this press release would be subject to legal restrictions.

Summary

  · Shareholders in BE Group will have preferential right to subscribe for 5 new
shares for every existing 2 shares, i.e. subscription ratio 5:2
  · The subscription price is SEK 1.40 per share which represents a total rights
issue proceeds of MSEK 259.7 before costs related to the transaction
  · The subscription period will run from and including 21 May up to and
including 4 June 2015
  · The rights issue is subject to approval at the Annual General Meeting that
will take place on 7 May 2015

Terms of the rights issue
On 7 April 2015, BE Group announced that the Board of Directors has resolved on
a new share issue of approximately MSEK 250 before costs related to the
transaction. The Board of Directors has now resolved on the subscription price
and the terms for the rights issue. Each share in BE Group that is held on the
record date of the rights issue on 13 May 2015, shall entitle to 1 subscription
right and 2 subscription rights entitle to subscription for 5 new shares. The
subscription price has been set to SEK 1.40 per share. This corresponds to a
discount of 33.2 percent compared to the theoretical ex-right price, based on
the last close price for the BE Group share of SEK 3.83 as of 5 May 2015 on
Nasdaq Stockholm. The subscription period will run from and including 21 May
2015 up to and including 4 June 2015 or such later date as resolved on by the
Board of Directors.

Up to 185,474,367 new shares will be issued, which at full subscription
represents a share capital increase of SEK 185,474,367. The total rights issue
proceeds will be SEK 259,664,114 when the rights issue is fully subscribed,
excluding costs related to the transaction. The rights issue proceeds will be
used in order to strengthen BE Group’s financial position and to reduce the
Company’s net debt.

The rights issue, which is fully guaranteed by means of subscription and
guarantee undertakings, is subject to approval by the Annual General Meeting to
be held on 7 May 2015 at 15:00 CET. The notice to Annual General Meeting was
announced on 7 April 2015 and is available on BE Group’s website
www.begroup.com.

Timetable for the rights issue
7 May - The Annual General Meeting resolves on approval of the Board of
Directors’ rights issue resolution
11 May - Last day of trading in BE Group’s share including subscription rights
12 May - BE Group’s share is traded excluding subscription rights
13 May - Record date for allotment of subscription rights, i.e. shareholders who
are registered in the Company’s share register as of this day will receive
subscription rights for participation in the new share issue
13 May - Estimated date for publication of the prospectus
21 May – 2 June - Trading in subscription rights
21 May – 4 June  - Subscription period (subscription through payment)
Around 9 June - Announcement of the preliminary outcome

Financial and legal advisors
Erik Penser Bankaktiebolag is acting as financial advisor and Mannheimer
Swartling Advokatbyrå AB is acting as legal advisor to BE Group.

For further information, please contact:
Lars Engström, Acting President and CEO
tel.: +46 (0)734-11 79 01 e-mail: lars.engstrom@begroup.com

Andreas Karlsson, CFO
tel.: +46 (0)709-48 22 33 e-mail: andreas.karlsson@begroup.com

BE Group, listed on the Nasdaq Stockholm exchange, is a trading and service
company in steel, stainless steel and aluminium. BE Group provides efficient
distribution and value-generating production services to customers primarily in
the construction and engineering sectors. In 2014, the Group reported sales of
SEK 4.2 billion. BE Group has about 750 employees, with Sweden and Finland as
the largest markets. The head office is located in Malmö, Sweden. Read more
about BE Group at www.begroup.com.

Important information
The information in this press release does not contain or constitute an offer to
acquire, subscribe or otherwise trade in shares, subscription rights or other
securities in BE Group. Any invitation to the persons concerned to subscribe for
shares in BE Group will only be made through the prospectus that BE Group
estimates to publish on or around 13 May 2015.

This press release may not be released, published or distributed, directly or
indirectly in or into the United States, Australia, Hong Kong, Canada or
Singapore or any other jurisdiction where such action is wholly or partially
subject to legal restrictions or where such action would require additional
prospectuses, registrations or other actions in addition to what follows from
Swedish law. Nor may the information in this press release be forwarded,
reproduced or disclosed in such a manner that contravenes such restrictions or
would require such requirements. Failure to comply with this instruction may
result in a violation of applicable securities laws.

No subscription rights, BTAs (interim shares) or new shares have or will be
registered under the United States Securities Act of 1933 (“Securities Act”) or
securities legislation in any state or other jurisdiction in the United States
and may not be offered, subscribed, sold or transferred, directly or indirectly
within the United States, other than pursuant to an exemption from the
registration requirements of the Securities Act and in accordance with
securities laws in relevant state or other jurisdiction in the United States.