AAK enters the Japanese market

AAK has established a partnership with Miyoshi Oils & Fats Co. by forming a new
company together for the Japanese market, AAK Miyoshi JP. This partnership will
considerably extend the prerequisites for AAK’s business in the local market.
This market is particularly important for the Chocolate & Confectionery Fats and
Bakery segments.

AAK will own 70 percent of the company and the remaining 30 percent will be
owned by Miyoshi Oils & Fats Co. AAK Miyoshi JP, that will be based in Tokyo,
will have both sales and customer innovation resources and will focus on
products for the chocolate and confectionery, bakery, dairy and infant nutrition
markets. The new company has entered a toll manufacturing agreement with Miyoshi
Oils & Fats Co. who will manufacture the products locally.

“With global customers and regional leaders Japan is obviously a very attractive
market to be present in for AAK”, says Torben Friis Lange, President AAK Asia.
“Miyoshi is a very good match in size, location, technology and culture and has
very well-developed relations with many important local customers. Together, we
will continue to develop customer relations as well as the portfolio of
speciality and semi-speciality products.”

Miyoshi Oils & Fats Co. was established in 1921 and has traditionally worked
towards the bakery market. The company, which had an annual revenue of
approximately SEK 3 billion in 2014, has well-located factories in the Tokyo and
Osaka harbor areas.

“I have visited AAK many times over the last 40 years and it is with great
pleasure we welcome this partnership”, says Katsuyoshi Miki, Executive Managing
Director at Miyoshi Oils & Fats Co. “I’m confident that it will be successful
and that it will create great synergy effects for both partners.”

Through this partnership, AAK will further strengthen its presence in the
strategically important Asian market. As communicated earlier, AAK is currently
constructing a speciality and semi-speciality edible oils factory in
Zhangjiagang, China, which will be operational during the end of the second
quarter of 2016. In addition, AAK has recently acquired 51 percent of a leading
Indian oils and fats company, creating AAK Kamani, based in Mumbai.

The AAK Miyoshi JP partnership will be operational from January, 2016.

For further information, please contact:

Fredrik Nilsson                              Torben Friis Lange
CFO                                          President AAK Asia
Phone: +46 40 627 83 34                      Mobile: +65 911 849 84
Mobile: +46 708 95 22 21

The information is that which AAK AB (publ.) is obliged to publish under the
provisions of the Stock Exchange and Clearing Operations Act and/or the Trading
in Financial Instruments Act. The information was released to the media for
publication on October 5, 2015 at 10:00 a.m. CET.

AAK is a leading provider of value-adding vegetable oils & fats. Our expertise
in oils & fats within food applications, our wide range of raw materials and our
broad process capabilities enable us to develop innovative and value-adding
solutions across many industries – Chocolate & Confectionery, Bakery, Dairy,
Infant Nutrition, Food Service, Personal Care, and more. AAK’s proven expertise
is based on more than 100 years of experience within oils & fats. Our unique co
-development approach brings our customers’ skills and know-how together with
our own capabilities and mindset for lasting results. Listed on the NASDAQ OMX
Stockholm and with our headquarters in Malmö, Sweden, AAK has 18 different
production facilities, sales offices in more than 25 countries and more than
2,500 employees. We are AAK – The Co-Development Company.