Notification: G & L Beijer divests its holding in Beijer Alma

Notification: G & L Beijer divests its holding in Beijer Alma

G & L Beijer AB has divested its entire holding of 2.7 million shares in
Beijer Alma, equivalent to 9.0 per cent of capital and 4.5 per cent of
votes. After the transaction,

G & L Beijer holds no shares in Beijer Alma. The divestment generated
sales proceeds of approximately SEK 365M. G & L Beijer made a capital
gain of more than SEK 50M which will be reported in the first quarter of
2011. The shares in Beijer Alma were received as part payment on the
sale of Beijer Tech during the spring of 2010. As a result, total sales
proceeds amounted to more than SEK 400M and the capital gain was
approximately SEK 190M.

The divestment of the shares is another step forward in creating
increased scope to take action for the continued expansion within the
strongly growing refrigeration wholesale operation. The transaction
further strengthens G & L Beijer's financial position. On 31 December
2010, the net debt amounted to SEK 395M. The net debt ratio was 0.17 and
the equity ratio amounted to 60 per cent.

Malmö, 25 March 2011
G & L Beijer AB (publ)

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

or

Jonas Lindqvist, CFO
Telephone +46 40-35 89 00
Mobile +46 705-90 89 04