Gränges wins auction in process to acquire aluminium business in the US

Gränges AB (publ) (“Gränges”) has emerged as the winner in the court supervised
auction to acquire Noranda Aluminum Holding Corporation’s (“Noranda”) downstream
aluminium rolling business in the United States. The final bid values the
business and related assets to USD 324.2 million on a cash and debt free basis
(Enterprise Value). The transaction is anticipated to be accretive to Gränges
earnings per share in 2016.

Gränges and Noranda have obtained required clearances for the transaction under
US antitrust laws and Gränges has secured committed bank financing for the
transaction. Gränges' Board of Directors may also consider to utilize the
mandate given by the Annual General Meeting 2016, which entitles the company to
issue new shares in Gränges up to 10 % of the total number of shares
outstanding.

Should Gränges receive final approval as buyer from the US Bankruptcy Court, an
announcement is anticipated in mid-July, 2016. Closing is expected during the
third quarter of 2016.

For further information, please contact:

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

The information in this press release is such that Gränges must disclose
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, on Friday,
8 July, 2016, at 08.45 CET.

About Gränges
Gränges is a leading global supplier of rolled products for brazed aluminium
heat exchangers. The company develops, produces and markets advanced materials
that enhance efficiency in the customer manufacturing process and the
performance of the final products; brazed heat exchangers. The company’s
geographical markets are Europe, Asia and the Americas. Its production
facilities are located in Finspång, Sweden, and Shanghai, China, and have a
combined annual capacity of 220,000 metric tonnes. Gränges has some 950
employees and net sales in 2015 totalled SEK 5,494 million. Its shares have been
listed on Nasdaq Stockholm since October 2014. More information on Gränges is
available at granges.com.