Ferronordic Machines - Changes in management

Press Release

Stockholm, 26 August 2016
Erik Eberhardson, founder and head of business development, has expressed a wish
to reduce his operational engagement in the company in order to take part also
in other business activities. Mr. Eberhardson will therefore cede his role as
head of business development and will no longer be part of Ferronordic Machines’
executive management. However, Mr. Eberhardson will continue to support the
development of the company in his role as vice chairman of the Board, in
particular with regard to long-term strategy and contacts with certain important
business partners. Mr. Eberhardson also remains one of the largest shareholders
in Ferronordic Machines.

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About Ferronordic Machines

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment
and Terex Trucks in Russia. It is also the official Russian distributor of
Dressta. In certain regions of Russia, Ferronordic Machines has also been
appointed aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo
Penta. Ferronordic Machines began its operations in 2010 and has since then
expanded rapidly across Russia. The company is well established in all federal
districts with almost 70 outlets and approximately 750 employees. The vision of
Ferronordic Machines is to be regarded as the leading service- and sales company
in the CIS markets. The preference shares of Ferronordic Machines are listed on
NASDAQ OMX First North Premier. The company has appointed Avanza Bank AB as its
Certified Advisor.

www.ferronordic.com

For more information, please contact:

Anders Blomqvist, CFO and Head of IR, Tel: +46 8 5090 7280 or pr@ferronordic.com

Ferronordic Machines discloses the information herein pursuant to the Securities
Markets Act and/or the Financial Instruments Act. The information was submitted
for publication on 26 August 2016, 07:45 CET.