Ratos : Ratos increases ownership in Jøtul

                  Ratos : Ratos increases ownership in Jøtul

 This information is disclosed in accordance with the Securities Markets Act,
 the Financial Instruments Trading Act or demands made in the exchange rules.

Ratos has signed an agreement to acquire Accent Equity 2003 Fund's shares in
Jøtul, thereby increasing its ownership in the company from 61% to 93%. The
purchase price is NOK 12m (approximately SEK 13m). The acquisition is subject
to approval from the relevant authorities and is expected to be completed in

The Norwegian company Jøtul is one of Europe's largest makers of wood stoves,
with manufacturing in Norway, Denmark, France, Poland and the USA. The company
dates back to 1853 and its products are sold worldwide, mainly through
specialised stores, but also in the DIY market. In 2012 Jøtul had sales of SEK
913m and posted an operating loss (EBITA) of SEK -52m. Ratos has been an owner
of Jøtul since 2006.

For further information, please contact:
Susanna Campbell, CEO Ratos, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 8700 17 00

Financial calendar from Ratos:

Interim Report January - June 2013      15 August 2013
Interim Report January - September 2013 8 November 2013

Ratos is a private equity conglomerate. The company's mission is to maximise
shareholder value over time through the professional, active and responsible
exercise of its ownership role in primarily medium to large unlisted Nordic
companies. Ratos's holdings include AH Industries, Aibel, Arcus-Gruppen,
Biolin Scientific, Bisnode, DIAB, Euromaint, GS-Hydro, Hafa Bathroom Group, HL
Display, Inwido, Jøtul, KVD Kvarndammen, Mobile Climate Control, Nebula,
Nordic Cinema Group and SBSeating. Ratos is listed on Nasdaq OMX Stockholm
and market capitalisation amounts to approximately SEK 16 billion.

Press release PDF


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Source: Ratos via Thomson Reuters ONE
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