Ferronordic Machines AB - Ownership Changes

Press Release

Stockholm, 22 December 2015
Lars Corneliusson, CEO and President, and Erik Eberhardson, Head of Business
Development, respectively have divested 786,968 and 1,269,103 ordinary shares in
Ferronordic Machines AB. The divestments were made in order to settle certain
financial commitments to the company’s initial investors, and to reallocate the
ownership of shares among the executive management. The terms of the
transactions are not public.

Out of the sold shares, 1,479,450 shares were transferred to the company’s
initial investors and 576,621 shares were transferred to other members of the
executive management. Following the transactions, Lars Corneliusson and Erik
Eberhardson control 13.7% and 13.2% of the of the votes, respectively.
Collectively the members of the company’s executive management and board of
directors control 42.8% of the votes.

Following the said transactions, the ownership of the company’s ten largest
shareholders is as follows:

Shareholder             Number of  Number of   Share of  Share of votes
                         ordinary  preference  capital
                         shares      shares
Skandinavkonsult i      2 606 888               24,8%        25,9%
Stockholm AB
Lars Corneliusson       1 372 620     600       13,1%        13,7%
(through companies)
Erik Eberhardson        1 330 109               12,7%        13,2%
(through companies)
Mellby Gård AB          1 216 200               11,6%        12,1%
Anders Blomqvist         786 299                 7,5%         7,8%
(through companies)
Creades AB               502 800     16 000      4,9%         5,0%
Fastighetsaktiebolaget   490 800                 4,7%         4,9%
Granen
Henrik Carlborg          436 131                 4,2%         4,3%
(through companies)
AltoCumulus S.A.         357 700                 3,4%         3,6%
Hoist Kredit AB          357 700                 3,4%         3,6%

The transactions are not expected to result in any changes of the company’s
strategy, operations or current dividend policy.

About Ferronordic Machines

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment
and Terex Trucks in Russia. The company began its operations in June 2010 and
has expanded rapidly across Russia and is today well established in all federal
districts with almost 70 outlets and approximately 700 employees. In addition to
distributing and providing aftermarket support to Volvo Construction Equipment
machines, the company has also been appointed aftermarket dealer for Volvo and
Renault Trucks as well as dealer for Volvo Penta in certain parts of Russia. The
company has also signed up some other high quality brands such as Logset and
several attachment manufacturers. 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.

http://www.ferronordic.com

For more information, please contact:

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

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 22 December 2015, 07:30 CET.