Exercise of the over-allotment option

Press release
10 December 2015

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Jefferies International Limited, Morgan Stanley and SEB (the “Joint Global
Coordinators”) have today notified EQT V (the “Principal Owner” or “EQT”), that
the Over-Allotment Option has been exercised in full in respect of 14,663,490
shares in Dometic Group AB (publ) (“Dometic” or the “Company”).
In connection with the initial public offering and listing of Dometic’s shares
on Nasdaq Stockholm (the “Offering”), the Principal Owner undertook to sell up
to 14,663,490 additional existing shares in the Company to cover potential over
-allotment (the “Over-Allotment Option”).

SEB, acting as stabilization manager on behalf of the Joint Global Coordinators
in the Offering, has today exercised the Over-Allotment Option in full.

No price stabilization activities have been carried out since the listing, and
due to the Company’s share price performance, the Joint Global Coordinators have
decided to end the stabilization period. Following the exercise of the Over
-Allotment Option, EQT will remain the largest shareholder in Dometic and will
own 57% of the total number of shares in the Company.

Advisors

Jefferies International Limited, Morgan Stanley and SEB are acting as Joint
Global Coordinators and Joint Bookrunners in relation to the IPO and Lazard is
financial advisor to the Company and the Principal Owner. Carnegie and UBS are
Joint Bookrunners and Handelsbanken is Co-lead Manager (the Joint Bookrunners
and Co-lead Manager collectively with the Joint Global Coordinators and Joint
Bookrunners, the “Managers”). Vinge and Latham & Watkins (London) LLP are acting
as legal advisors to the Company and the Principal Owner and Advokatfirman
Hammarskiöld & Co and Davis Polk & Wardwell London LLP are acting as legal
advisors to the Joint Global Coordinators and Joint Bookrunners.

About Dometic

Dometic provides branded solutions for mobile living in the areas of Climate,
Hygiene & Sanitation and Food & Beverage. The Company manufactures and sells a
broad range of products within these areas for use in recreational vehicles
(such as motorhomes and caravans or towables), trucks and premium cars, pleasure
and work boats, and for a variety of other uses. Products include air
conditioners, furnaces, awnings, vents and windows & doors within Climate; water
heaters and toilets within Hygiene & Sanitation; and refrigerators, cooking
equipment, ovens and mobile coolers within Food & Beverage. The Company operates
22 manufacturing / assembly sites in nine countries, sells its products in
approximately 100 countries and manufactures approximately 85% of products sold
in-house. The Company markets and sells its products under one main brand,
Dometic, as well as supporting brands such as WAECO, Atwood, A ATWOOD AIR
COMMAND, MOBICOOL, Marine Air Systems, Condaria, Cruisair and SeaLand. During
the twelve months ended 30 September 2015, Dometic generated net sales of SEK
11.2 billion and adjusted operating profit (EBIT) of SEK 1.4 billion (12.9%
margin). As of 30 September 2015, Dometic had 6,369 employees.

Dometic was established in 1968 as a U.S. subsidiary of the Swedish company AB
Electrolux, under the name Dometic Sales Corporation, to sell refrigerators for
recreational vehicles and other leisure equipment. The origination of business,
however, dates back to 1922 with the invention of absorption refrigerators.
Dometic’s product portfolio and geographic reach have grown through a series of
39 acquisitions in the last 42 years.

About EQT

EQT is one of the leading private equity groups in Europe with approximately EUR
29 billion in raised capital. EQT funds have portfolio companies in Europe, Asia
and the US with total sales of more than EUR 17 billion and approximately
140,000 employees. EQT supports portfolio companies to achieve sustainable
growth, operational excellence and market leadership.

For more information, please contact:

Erika Ståhl, Head of Business Control & Investor Relations at Dometic
Phone: +46 8 501 025 24
Email: ir@dometicgroup.com

The information above has been published pursuant to the Swedish Securities
Markets Act (Swe. lag om värdepappersmarknaden) and Swedish Financial
Instruments Trading Act (Swe. lagen om handel med finansiella instrument).

This information was released for publication at 08.00 CET on 10 December 2015.

IMPORTANT INFORMATION

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company.

Copies of this announcement are not being made and may not be distributed or
sent into the United States, Australia, Canada, Japan or any other jurisdiction
in which such distribution would be unlawful or would require registration or
other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and accordingly may not be offered or sold in the United States absent
registration or an exemption from the registration requirements of the
Securities Act and in accordance with applicable U.S. state securities laws. The
Company does not intend to register any offering in the United States or to
conduct a public offering of securities in the United States. Any sale in the
United States of the securities mentioned in this announcement will be made
solely to “qualified institutional buyers” as defined in Rule 144A under the
Securities Act.

Any offering of the securities referred to in this announcement will be made by
means of a prospectus. This announcement is not a prospectus for the purposes of
Directive 2003/71/EC (together with any applicable implementing measures in any
Member State, the “Prospectus Directive”). Investors should not invest in any
securities referred to in this announcement except on the basis of information
contained in the aforementioned prospectus.

In any EEA Member State other than Sweden that has implemented the Prospectus
Directive, this communication is only addressed to and is only directed at
qualified investors in that Member State within the meaning of the Prospectus
Directive, i.e., only to investors who can receive the offer without an approved
prospectus in such EEA Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as “relevant persons”). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Matters discussed in this announcement may contain projections or may constitute
forward-looking statements regarding future events or the future financial
performance of the Company. Forward-looking statements are statements that are
not historical facts and can be identified by words such as “believe,” “expect,”
“anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should”, “could”
and similar expressions. The forward-looking statements in this release are
based upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.
Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. Neither the Company nor any
other person guarantees that the assumptions underlying the forward-looking
statements in this presentation are free from errors nor does it accept any
responsibility for the future accuracy of the opinions expressed in this
presentation or any obligation to update or revise the statements in this
presentation to reflect subsequent events. You should not place undue reliance
on the forward-looking statements in this document.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. Neither the Company nor any other person undertakes any obligation to
review, update, confirm, or to release publicly any revisions to any
forward‐looking statements to reflect events that occur or circumstances that
arise in relation to the content of this announcement.

Jefferies International Limited is authorised and regulated in the United
Kingdom by the Financial Conduct Authority. Morgan Stanley & Co. International
plc. and UBS Limited are authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential Regulation
Authority. Skandinaviska Enskilda Banken AB, Carnegie Investment Bank AB and
Handelsbanken Capital Markets (a part of Svenska Handelsbanken AB) are regulated
by the Swedish Financial Supervisory Authority. All firms are acting exclusively
for the Company and no one else in connection with the Offering and will not
regard any other person (whether or not a recipient of this announcement) as a
client in relation to the Offering and will not be responsible to anyone other
than the Company for providing the protections afforded to their respective
clients or for giving advice in relation to the Offering or any transaction or
arrangement referred to in this announcement.

Lazard & Co., Limited, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority, is acting exclusively as adviser to the
Company and no-one else in connection with the Offering. Lazard & Co., Limited
will not regard any other person as its client in relation to the Offering and
will not be responsible to anyone other than the Company for providing the
protections afforded to its clients or for providing advice in relation to the
Offering, the contents of the Prospectus or any transaction, arrangement or
other matter referred to herein. Lazard & Co., Limited accepts no responsibility
whatsoever for the contents of the Prospectus, including its accuracy or
completeness, and accordingly disclaims all and any liability whatsoever in
respect of the Prospectus.