News release from the Extraordinary General Meeting of G & L Beijer

News release from the Extraordinary General Meeting of G & L Beijer

Today, 29 January 2009, G & L Beijer held an Extraordinary General Meeting.
Shareholders representing 42.8 per cent of capital and 70.4 per cent of votes
had notified the company that they would attend the EGM.    

The Extraordinary General Meeting unanimously passed the following resolution in
accordance with the Board of Directors' proposal:

- To carry out a non-cash issue by issuing 358,710 class A shares and 8,437,429
class B shares and, therefore, increase the company's share capital by SEK
153,932,432.50 as payment for the acquisition of Carrier ARW. This means that G& L Beijer's original shareholders and Carrier will hold 66.7 per cent and 33.3
per cent respectively of the votes, and 58.5 per cent and 41.5 respectively of
the capital in the company.

The Extraordinary General Meeting unanimously passed a resolution in accordance
with the proposal of shareholders representing 54.8 per cent of the votes that
the number of Board Members shall be seven and to elect Phillippe Delpech and
William Striebe as new Board Members with effect from the date of completion of
the acquisition of Carrier ARW until the end of the next Annual Meeting of
shareholders.  

After the resolution by the EGM, the acquisition of Carrier ARW and the issuance
of new shares will take place with immediate effect. It means that Carrier ARW
will be included in G & L Beijer's accounts from 1 February 2009. The
transaction means that G & L Beijer's pro forma sales will increase to
approximately SEK 6,200M with a net profit of SEK 527M calculated on the
twelve-month period up to and including September 2008. The total number of
employees will be approximately 1,800. G & L Beijer will achieve a significantly
strengthened financial position. The equity ratio increases from 39 per cent
before the transaction to 46.5 per cent after the transaction. The Group's
debt/equity ratio falls from 0.8 to 0.4.


Malmö, 29 January 2009
G & L Beijer AB (publ)
Board of Directors

For further information, please contact: Joen Magnusson, Managing Director G & L
Beijer AB
Telephone +46 40-35 89 00, Mobile +46 709-26 50 91

G & L Beijer AB is a technology-oriented Group, operating in industrial trading,
with sales in excess of SEK 3 billion. The Group includes the two business areas
- Beijer Ref and Beijer Tech. Beijer Ref, which reported sales in excess of SEK
2.5 billion in 2007, markets and sells refrigeration products and systems in 16
European countries. Beijer Tech, which reported sales of more than SEK 600M in
2007, carries out technology trading, mainly in Sweden, Norway and Finland,
through a group of specialised companies. An important part of the strategy of
both business areas is to grow through acquisitions. During the past five-year
period, the Group has reported profitable annual growth of 17 per cent on
average.