PRESS RELEASE - Statement from the Board of Directors - 11 June 2008 The Board of Directors of Ballingslöv International AB recommends shareholders not to accept the offer from Stena Adactum • The Board of Directors of Ballingslöv International AB recommends shareholders not to accept the offer from Stena • Strong belief that Ballingslöv as a stand-alone company long-term creates shareholder value through existing business model • Continued expansion opportunities are expected to strengthen long-term growth in revenues and earnings • Continued strong profitability for Kvik and additional growth through international expansion • Continued consolidation through acquisitions in a fragmented kitchen market The Board of Directors wishes to draw shareholders' attention to the following factors • The already concentrated ownership of the company can become even more concentrated after the Offer is concluded, which may be presumed to result in limited share trading liquidity • The general economic development is currently uncertain and, in the event that further economic developments are worse than expected, this could have a negative effect on Ballingslöv's earnings. Org. No. 556556-2807 www.ballingslovinternational.com Ballingslöv International AB is one of the leading manufacturers of kitchen and bathroom furniture and storage products in the Nordic countries and kitchen furniture in Great Britain. The products are sold under several strong and, in respective market, well-known trademarks, including Ballingslöv, Kvik, JKE Design, dfi/Geisler, Multiform, 3BO and Paula Rosa. The Ballingslöv Group has production facilities in Sweden, Denmark and in Great Britain with a turnover of app. MSEK 3 000 and 1 500 employees.
PRESS RELEASE - Statement from the Board of Directors - 11 June 2008
| Source: Ballingslöv International AB