Addnode Group has completed the acquisition of Joint Collaboration

STOCKHOLM, 30 August 2013 – As previously announced, Addnode Group AB entered
into an agreement on July 1 2013 to acquire Joint Collaboration AS (“Joint”).
Addnode Group has today, according to the previously announced conditions and
timeframe, completed the acquisition.
Joint’s SaaS collaborations and know-how will strengthen Addnode Group’s as a
whole, but mainly our offering for the Norwegian oil, gas and construction
sector. Joint complements the Group’s existing offerings in Business Areas
Design Management and Product Lifecycle Management. With customers in all Nordic
countries as well as complementary IT solutions, Addnode Group will enable an
expansion of Joint in the Nordic region. For more information: www.joint.no.

For the twelve month period April 1, 2012 through March 31, 2013 Joint’s net
sales were NOK 120 M and the EBITA result amounted to NOK 23 M. Joint was
established in 2001 and has today over 50 employees.

“The acquisition of Joint is a big step forward for Addnode Group’s development.
We have a strong offer of IT solutions for the design of products, facilities
and infrastructure as well as for product lifecycle management. Joint gives us
expertise and broadens Addnode Group’s offering with collaboration tools for the
management of projects, which we have sought,” says Staffan Hanstorp, President
and CEO of Addnode Group.

In connection with completion of the acquisition, the Board of Addnode Group has
today, based on the authorization from the AGM on May 7 2013, decided on a new
share issue of 1,171,777 Class B shares to the sellers of Joint as part of the
payment. The share issue will increase the share capital of Addnode Group by
14,061,324 SEK. The newly issued Class B shares represent approximately 3.9
percent of the total number of shares and three percent of the total number of
votes in Addnode Group after the issue. As previously announced, the purchase
price, besides the above-mentioned Class B shares in Addnode Group, consists of
NOK 56 M in cash. The final cash payment is subject to an adjustment based on
the actual net cash position, and the actual level of working capital, in Joint
at closing. In addition, a conditional purchase price of up to NOK 95 M in cash
is payable if certain targets related to Joint’s EBITDA during the period 2013
-2015 are achieved.

Joint will be reported as part of Business Area Design Management. For
additional information on the acquisition of Joint, see press release dated 2
July 2013. A preliminary purchase price allocation is expected to be
communicated in Addnode Group’s interim report for the period 1 January – 30
September 2013, which will be presented on 25 October 2013.

The information in this press release is such that Addnode Group AB must
disclose in accordance with the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act. The information was released on 30 August
2013 at 3:30pm.
For more information

Staffan Hanstorp
President & CEO
Addnode Group AB
Tel: +46 (0) 733 77 24 30
e-mail: staffan.hanstorp@addnodegroup.com

Johan Andersson
Head of Business Development and Communication
Addnode Group AB
Tel: +46 (0) 704 205 831
e-mail: johan.andersson@addnodegroup.com
About Addnode Group

Addnode Group provides mission-critical IT solutions. We are the Nordic market
leader in IT solutions for design, engineering and lifecycle management of
products and assets. Addnode Group has a strong market position in Sweden’s
public sector with offers in case management systems, municipal engineering
systems and web solutions.

We are 900 employees in Sweden, Norway, Finland, Denmark, Serbia and USA. The
Group is organized into four business areas and operates under several brands.
With over 3000 customers using our solutions in more than 60 countries, we
continue to build a strong and extensive portfolio of high performance IT
solutions for mission-critical processes.

In 2012 net sales totaled SEK 1.365 M. Addnode's Series B share is listed on the
OMX Nordic List, Small Cap. More information about Addnode Group on
www.addnodegroup.com