Final price in Troax’ initial public offering set at SEK 66 per share – trading on Nasdaq Stockholm commences today

Troax Group AB (publ) (“Troax” or the “Company”), a leading global supplier of
indoor perimeter protection, and FSN Capital III Limited Partnership (“FSN”)
today announces the outcome of the initial public offering (the “Offering”) of
the Company’s shares and listing on Nasdaq Stockholm.

The Offering attracted very strong interest both from Swedish and international
institutional investors as well as the general public in Sweden. The Offering
was substantially over-subscribed.
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Hillerstorp 27 March 2015, 07.00 CE

The Offering in brief

  · The final Offering price has been set at SEK 66 per share, corresponding to
a market value of Troax of SEK 1,320 million.
  · The Offering comprises of 10,713,507 existing shares in Troax offered
primarily by the Company’s current principal owner FSN, corresponding to 54
percent of the total number of shares in the Company.
  · FSN has granted an over-allotment option of up to 1,607,026 additional
shares, corresponding to up to 15 percent of the total number of shares in the
Offering (approximately 8 percent of total number of shares in the Company).
  · If the over-allotment option is fully exercised, the Offering will comprise
a total of 12,320,533 shares, corresponding to approximately 62 percent of the
total number of shares in the Company.
  · The total value of the Offering amounts to SEK 813 million, assuming that
the over-allotment option is exercised in full.
  · Following completion of the Offering, FSN will hold approximately 18 percent
of the shares, assuming that the over-allotment option is exercised in full.
  · Approximately 4,500 investors have been allotted shares in Troax.
  · Trading in the Troax share on Nasdaq Stockholm commences today, 27 March
2015, under the trading symbol “TROAX”.

Thomas Widstrand, CEO of Troax says:
“The interest from investors, both in Sweden and internationally, has been
large. We are happy and of course very proud of the whole Troax Group. We
welcome our new shareholders and look forward to continue our journey as a
listed company.”
Peter Möller, Partner at FSN Capital says:
“The strong interest in this IPO is exciting and should vouch for a good start
for Troax as a listed company. Together with the impressive list of investors
that have become owners of Troax, we will do our best to continue to support the
Company following the IPO.”

Advisors
Carnegie Investment Bank is acting as Global Coordinator and Joint Bookrunner in
the Offering and Handelsbanken Capital Markets is acting as Joint Bookrunner.
Baker & McKenzie is legal adviser to the Company and the Principal Shareholder.
White & Case is legal adviser to the Global Coordinator and Joint Bookrunners.

About Troax
Troax is the leading global supplier of indoor perimeter protection (“metal
-based mesh panel solutions”) for the market segments: Automation & Robotics,
Material Handling & Logistics and Property Protection.
Troax develops high quality and innovative safety solutions to protect people,
property and processes. Troax Group AB (publ), Reg. No. 556916-4030, has a
global organisation with an unparalleled sales force and efficient logistics
setup, enabling local presence and short delivery times in 31 countries. In 2014
Troax net sales amounted to around EUR 90 million and the number of employees
amounted to about 400 persons. The Company’s head office is located in
Hillerstorp, Sweden.
About FSN Capital
Since inception in 2000, FSN Capital’s funds have raised EUR 1.1 billion in
total commitments and have to date made 23 platform investments in medium sized
Nordic companies with the aim to create value through growth initiatives and
operational improvements. Among current and past investments are Kjell &
Company, Instalco, Actic, Aura Light and CTEK.
For additional information, please visit www.troax.com or contact:
Thomas Widstrand, CEO
Phone: +46 370 828 31

Important information

This announcement is not and does not form a part of any offer for sale of
securities. Copies of this announcement are not being made and may not be
distributed or sent into the United States, Australia, Canada, Japan or any
other jurisdiction in which such distribution would be unlawful or would require
registration or other measures. The securities referred to in this announcement
have not been and will not be registered under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), and accordingly may not be offered or sold in
the United States absent registration or an exemption from the registration
requirements of the Securities Act and in accordance with applicable U.S. state
securities laws. The Company does not intend to register any offering in the
United States or to conduct a public offering of securities in the United
States. Any offering of the securities referred to in this announcement will be
made by means of a prospectus. This announcement is not a prospectus for the
purposes of Directive 2003/71/EC (together with any applicable implementing
measures in any Member State, the “Prospectus Directive”). Investors should not
invest in any securities referred to in this announcement except on the basis of
information contained in the aforementioned prospectus. In any EEA Member State
other than Sweden that has implemented the Prospectus Directive, this
communication is only addressed to and is only directed at qualified investors
in that Member State within the meaning of the Prospectus Directive, i.e., only
to investors who can receive the offer without an approved prospectus in such
EEA Member State. This communication is only being distributed to and is only
directed at persons in the United Kingdom that are (i) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net
worth entities, and other persons to whom this announcement may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as “relevant persons”). This communication
must not be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this communication relates is
available only to relevant persons and will be engaged in only with relevant
persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so. Matters discussed in this announcement may constitute
forward-looking statements. Forward-looking statements are statements that are
not historical facts and may be identified by words such as “believe,” “expect,”
“anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although Troax believes that these assumptions were reasonable when
made, these assumptions are inherently subject to significant known and unknown
risks, uncertainties, contingencies and other important factors which are
difficult or impossible to predict and are beyond its control. Such risks,
uncertainties, contingencies and other important factors could cause actual
events to differ materially from the expectations expressed or implied in this
release by such forward-looking statements. The information, opinions and
forward-looking statements contained in this announcement speak only as at its
date, and are subject to change without notice.
Thomas Widstrand
President and CEO
Troax Group AB
Box 89
330 33 Hillerstorp
+46 (0)370-82831 (http://tel 46 (0)370-82831)
http://www.troax.com
thomas.widstrand@troax.com
About Troax

Troax is the leading global supplier of indoor perimeter protection (“metal
-based mesh panel solutions”) for the market segments: Automation & Robotics,
Material Handling & Logistics and Property Protection.
Troax develops high quality and innovative safety solutions to protect people,
property and processes.
Troax Group (publ), Reg. No. 556916-4030, has a global organisation with an
unparalleled sales force and efficient logistics setup, enabling local presence
and short delivery times in 31 countries. In 2014 Troax net sales amounted to
around EUR 90 million and the number of employees amounted to about 400 persons.
The Company’s head office is located in Hillerstorp, Sweden.

www.troax.com