Important acquisition by Loomis in the USA

Important acquisition by Loomis in the USA

The Swedish cash handling company Loomis' US subsidiary has reached an
agreement to acquire the cash handling business of the American company
Pendum LLC. The purchase price amounts to 100 MUSD, corresponding to
approximately 640 MSEK.

Operations acquired include cash replenishment and management of 43,000
ATMs across the US and with an annual turnover of 100 M USD. However,
Pendum's ATM maintenance and repair business, which includes first and
second line maintenance services and parts and product sales for ATMs
will remain with Pendum and are not part of the Loomis acquisition.

The acquisition will add revenue of approximately 65 MUSD to Loomis' US
subsidiary during 2011, corresponding to approximately 420 MSEK, as
compared to the total turnover of 4 billion SEK in 2010. Operations are
expected to give a positive contribution to Group income in 2011.

- Most of the Pendum operations that we are acquiring will be
incorporated in our existing organisation and structures, which will
increase productivity at a large number of our branch offices. At the
same time we are strengthening our geographical presence and market
position in several important regions, among them Ohio and Kentucky,
says Lars Blecko, CEO of Loomis.

Lars Blecko also notes that the acquired operations will widen the base
for an increased focus on comprehensive cash handling solutions. With
the acquisition of the cash handling business of Pendum, Loomis is able
to expand its offering of nationwide Cash Management Service (CMS).

One of Loomis' long-term goals is to increase the share of business
consisting of comprehensive solutions rather than just cash
transportation. Loomis aims to serve its customer's total cash handling
needs as its core focus and sees this acquisition as a next step in
capitalizing on the emerging opportunities in the cash handling arena.

The acquisition of Pendum's cash handling operations is an important
contribution to the Loomis Group strategy to focus on growth, both
through acquisitions and organically.

The target closing date for the acquisition is April 30, 2011, which
means that the operations will be consolidated by Loomis as of that
date. The closing of the transaction is subject to customary conditions,
such as regulatory approval.

During 2010 Loomis made three acquisitions in the US, with a total
turnover of over 10 MUSD.

A press and analyst conference call will take place on March 31, at 1.45
p.m. CET.

Phone number +46 (0)8 5052 01 14, +44 (0)207 1620 177 or +1 334 323
6203, conf id: 892189.

Individual interviews can be booked by Carina Cederblad, +46 8 522 920
53 or carina.cederblad@loomis.com.

31.03.2011                                           

Lars
Blecko                                                                  
                        
CEO

Carina Cederblad +46 8 522 920 53