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Press release

Nordic Waterproofing Holding AB’s board provides an update regarding mandatory offer

Nordic Waterproofing Holding

Following the mandatory offer to the shareholders of Nordic Waterproofing Holding AB (“Nordic Waterproofing”), submitted by the principal owner Kingspan Holdings (IRL) Limited (“Kingspan”) on October 10, 2023 (the “Offer”), Nordic Waterproofing’s board of directors (“the Board”) provides an update on its preparations.

Nordic Waterproofing has appointed Bank of America Europe Designated Activity Company, Stockholm Branch ("BofA Securities") to render a fairness opinion to the Board to support the Board in its evaluation of the Offer.
 
The acceptance period for the Offer commenced on November 23, 2023 and is expected to end on February 1, 2024. Consequently, and in accordance with the Swedish takeover rules, the Board will provide its recommendation to the shareholders of Nordic Waterproofing at least two weeks prior to the expiry of the acceptance period for the Offer.
 
As communicated on October 27, 2023, the Board has appointed Nordea Bank Abp, filial i Sverige as financial adviser and Setterwalls Advokatbyrå AB as legal adviser. The advisers are assisting the Board in its assessment of the Offer.

For further information, please contact:


Palle Schrewelius, CFO and Investor Relations
Telephone: +46 707 82 79 58
E-mail: pos@nordicwaterproofing.com

Nordic Waterproofing in brief


Nordic Waterproofing is one of the leading providers in the waterproofing market in northern Europe. The Company provides high-quality products and solutions for waterproofing in Sweden, Finland, Denmark, Norway, Belgium, the Netherlands, Poland, the United Kingdom and Germany. Nordic Waterproofing also provides installation services through wholly-owned subsidiaries or part-owned companies in Sweden, Finland, Denmark and Norway. The Company markets its products and solutions under several brands, all with an extensive heritage, most of which are among the most established and well-recognized brands in their respective markets, such as Mataki, Trebolit, Phønix Tag Materialer, Kerabit, Byggpartner, SealEco, Distri Pond, Taasinge Elementer, RVT, Urban Green and Veg Tech. Nordic Waterproofing Holding AB is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.

Additional information about Nordic Waterproofing is available at www.nordicwaterproofing.com

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Nordic Waterproofing Holding AB’s board provides an update regarding mandatory offer

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