Placing of shares in Nordic Waterproofing (SE) — SEK 360 million

Carnegie acted as joint bookrunner in the placing of 4 million shares, on behalf of Axcel and KIRKBI, at a price of SEK 90.00 per share. Nordic Waterproofing, in its current form, was established in 2011 by Axcel by means of a merger of the Swedish and Danish waterproofing subsidiaries of Trelleborg AB’s and Lemminkäinen Oy’s roof installation businesses. February 2017.