Orkla decrease ownership to 16.0% of number of shares and votes

Orkla Industriinvsteringar AB, a subsidiary of Orkla ASA, has sold 11,195,908
shares in Gränges AB (publ) to Swedish and international investors at a price of
SEK 66 per share, according to a press release from Orkla today on May 22.
Following the placement, Orkla Industriinvesteringar AB owns 11,942,378 shares
in Gränges corresponding to 16.0% of the numbers of shares and votes.

Carnegie and SEB have acted as joint bookrunners in the placing of shares.

For further information, please contact:
Pernilla Grennfelt, Director Communications and IR of Gränges
pernilla.grennfelt@granges.com, tel: +46 702 90 99 55

About Gränges
Gränges is a leading global supplier of rolled products for producers of brazed
aluminum heat exchangers. The Company develops, produces and markets highly
advanced materials that enhance both the production economy of the customer
manufacturing process as well as the performance of the final product, the
brazed heat exchanger. Gränges has its headquarters in Stockholm, Sweden and
operates in three geographical regions: Europe, Asia and the Americas. The
Company operates production, research and development facilities in Finspång and
Shanghai with total annual capacity of approximately 220,000 metric tonnes. The
Company was originally founded in 1896, and the current operation was started in
1972 when the Company started to develop brazed heat exchanger material. Gränges
has approximately 950 employees, and in 2014 the Company had net sales of SEK
4,748 million. For more information about Gränges, please visit www.granges.com.