Balder completes a directed issue of 10 million Class B shares, raising proceeds of approximately SEK 1.7bn

NOT FOR DISTRIBUTION OR RELEASED, DIRECTLY OR INDIECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION, IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Fastighets AB Balder (publ) (“Balder”) has, based on the authorization granted
by Balder’s Annual General Meeting on 6 May 2015, resolved to carry out a direct
share issue of 10,000,000 Class B shares at a subscription price of SEK 172 per
share (the “Issue”). The subscription price in the Issue has been determined
through a so-called “accelerated book-building” procedure led by Carnegie and
SEB. Subscribers in the Issue are a wide range of Swedish and international
institutional investors. The reason for deviation from the shareholders'
preferential rights is to diversify the shareholder base and at the same time
raise capital in a time efficient manner, in immediate connection with the
announcement of the acquisition of additional shares in SATO Oyj.

Through the Issue, Balder will receive proceeds amounting to approximately SEK
1.7bn, which will be used to partly finance the previously announced acquisition
of an additional 22.9 percent of the outstanding shares in SATO Oyj.

The Issue entails a dilution of approximately 6.2 per cent in relation to the
number of existing ordinary shares in the Company through an increase in the
number of outstanding shares to 172,396,852 (divided into 11,229,432 Class A
shares and 161,167,420 Class B shares). In addition, Balder has 10,000,000
preference shares outstanding.

In order to facilitate the delivery of shares to the investors in the Issue,
Arvid Svensson Invest AB will lend 10,000,000 Class B shares to Carnegie
Investment Bank AB (publ). The shares will be returned after the Issue has been
registered with the Swedish Companies Registration Office.

For any further information, please contact
CEO Erik Selin, +46 (0)706 07 47 90 or
CFO Marcus Hansson, +46 (0)768 36 98 48

Important information

The release, announcement or distribution of this press release may in certain
jurisdictions be restricted. The recipient of this press release is responsible
for using the information in this press release in accordance with the
applicable law in each jurisdiction. This press release does not constitute an
offer, or a solicitation of any offer, to buy or subscribe for any securities in
Fastighets AB Balder (publ) in any jurisdiction, neither of Fastighets AB Balder
(publ), Carnegie Investment Bank AB (publ), Skandinaviska Enskilda Banken AB or
any other party.

Fastighets AB Balder (publ) is required to disclose the above information
pursuant to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 08:30 a.m CET 16 December
2015.