FinnvedenBulten expands in Poland and restructures foundry operation

PRESS RELEASE | GOTHENBURG, 4 SEPTEMBER 2012

In order to realize FinnvedenBulten’s long-term strategy and strengthen its
position in cast components, the company is investing and restructuring in its
foundry operation. The change aims to enable further growth and is an important
part of the cost-cutting programme initiated during the year. The measures are
expected to generate savings of SEK 15-20 m annually.
The planned measures mainly involve an expansion of the Finnveden Metal
Structures division’s operation in Poland, restructuring and optimisation of
capacity utilisation between the factories in Poland and Sweden, as well as
improvement and streamlining measures. The measures will lead to better
utilisation of the production structure and more efficient use of resources.

The total investment is expected to be around SEK 17 m and the restructuring
costs in the region of SEK 3 m. The measures are expected to generate savings of
SEK 15-20 m annually and are anticipated to achieve their full effect from the
third quarter of 2013.

“The expansion in Poland and restructuring of the foundry operation are
important aspects in improving the cost structure, but also an investment in
future growth. We have evaluated various options and found that the decided
measures strengthen our position, give the operation good flexibility and yield
the necessary improvements in profitability,” says Johan Westman, President and
CEO of FinnvedenBulten.

In total, approximately 40 people will be affected in the Swedish operations and
the Polish operations will increase by approximately 30 people. Negotiations
with union representatives have begun.

The changes are planned to take place in 2012-2013.

For further information, please contact:
Johan Westman, President and CEO
Tel: + 46 (0)31-734 59 00 Mail: media@finnvedenbulten.com

NB
The information in this announcement is required to be disclosed by
FinnvedenBulten AB (publ) under the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act. The information was submitted for publication
at 13:50 CET on September 4, 2012.

FinnvedenBulten develops and manages industrial businesses, offering products,
technical solutions and systems in metallic materials. The Group operates as a
business partner to international customers in the engineering industry,
primarily the automotive industry. FinnvedenBulten is structured into two
divisions – Bulten and Finnveden Metal Structures – both with strong positions
in their respective customer segments. FinnvedenBulten is listed on NASDAQ OMX
Stockholm. Further information at www.finnvedenbulten.com.

Division Finnveden Metal Structures manufactures products in steel, magnesium
and aluminium, or a combination of those materials. The main manufacturing
processes are stamping, die casting and joining. The components include
interior, chassis and body parts for the automotive industry, as well as
customised components for general industry.