Refinancing of 3 Scandinavia completed

3 Scandinavia has repaid its bank loan, maturing in July 2015, through a SEK 7.5
bn. equity injection, of which SEK 3.0 bn. (40 percent) from Investor and SEK
4.5 bn. (60 percent) from Hutchison Whampoa. 3 Scandinavia retains the SEK 1.8
bn. loan, maturing in 2019, provided by the European Investment Bank (EIB) and
guaranteed pro-rata by Investor and Hutchison Whampoa.

3 Scandinavia’s current borrowing cost exceeds Investor’s direct borrowing cost,
despite the guarantee. By borrowing directly, Investor can provide funding to 3
Scandinavia at a lower total cost, while Investor’s overall leverage is not
impacted.

“Guaranteeing debt is economically comparable to injecting equity. Replacing 3
Scandinavia’s guaranteed debt with equity makes the funding of the company more
efficient, and its growing operating cash flow can be used for increased
distribution to the owners. Over the past year, 3 Scandinavia has generated net
cash flow of over SEK 1 bn., which has reduced net debt”, comments Börje Ekholm,
CEO of Investor.

Following the refinancing, Investor’s guarantee of 40 percent of 3 Scandinavia’s
debt has decreased from SEK 3.7 bn. to SEK 0.7 bn., now only related to the EIB
loan.
For further information:

Stefan Stern, Head of Corporate Relations and Communications, Phone 46 8 614
2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524
2130
Our press releases can be accessed at www.investorab.com
Investor is the leading owner of high quality Nordic-based international
companies, founded by the Wallenberg family a hundred years ago. Through board
participation, our industrial experience, network and financial strength, we
strive to make our companies best-in-class. Our holdings include Atlas Copco,
SEB, ABB, Ericsson and Mölnlycke Health Care.