VESTUM, THROUGH SUBSIDIARY WAGAB, ACQUIRES SPECIALIST COMPANY IN SUSPENDED
CEILINGS WITH SALES OF SEK 26.6M, EBITDA OF SEK 3.0M AND EBITA OF SEK
2.2M

2021-08-30

Vestum AB (publ) ("Vestum") has through subsidiary We Ar(e)
Group AB agreed to acquire 100 percent of the shares in Skåne Montage AB
("Skåne Montage"). The purchase price will partly be financed through payment
in reverse, which will then be set off against 48,802 shares in Vestum through
offset issues. This will result in a dilution of approximately 0.1%. During the
financial year 2020/2021, Skåne Montage generated sales of SEK 26.6m with an
EBITDA of SEK 3.0m and EBITA of SEK 2.2m, corresponding to an EBITDA margin of
11.3 percent and EBITA margin of 8.2 percent.

About Skåne Montage

Skåne
Montage was founded in 1979 and has 40 years of experience in delivering
complete solutions in acoustics and suspended ceilings to customers in Skåne.
The company works with all suppliers on the market and can offer a wide range
of sound absorbers, suspended ceilings and wall solutions for most types of
space.

During the financial year 2020/2021, Skåne Montage generated sales of
SEK 26.6m with an EBITDA of SEK 3.0m and EBITA of SEK 2.2m, corresponding to an
EBITDA margin of 11.3 percent and EBITA margin of 8.2 percent.

The company has
18 employees and is headquartered in Malmö.

All figures referenced are in
accordance with the IFRS standards applied by Vestum and are unaudited.

Skåne
Montages financials are expected to be consolidated into WAGAB from September
2021, provided that the indicative timetable for the completion of the
acquisition can be followed.

Comments from WAGABs founders Mikael Thingvall
and Peter Holmblad:

It is with great pleasure we welcome Skåne Montage to the
WAGAB Group within the Vestum family. The acquisition of Skåne Montage
strengthens our offering in southern Sweden. The company has for many years
been a role model in the industry through its consistent view of conducting
suspended ceiling contracts and we see positively on our ability to extract
synergy effects in both the short and medium term. We are convinced that
through this acquisition we can be even more attractive to larger customers in
the region, says Mikael Thingvall and Peter Holmblad, founders of WAGAB.

About
the transaction

The purchase price will partly be financed through payment in
reverse, which will then be set off against 48,802 shares in Vestum through
offset issues. This will result in a dilution of approximately 0.1%.

The
number of outstanding shares would increase in connection with the Transaction
from the existing 89,549,710 to 89,598,512 shares.

The above information on
dilution and number of shares is based on previously announced offset
issues.

Completion of the acquisition

The transaction is expected to be
completed within approximately three weeks. In connection with the completion
of the transaction, the Board, backed by an authorization of the Annual General
Meeting, will make a formal decision to issue the shares in the offset
issue.

Adviser

Svalner provides financial advice and Qap Legal Advisors acts
as legal adviser to Vestum in connection with the acquisition.

For additional
information, please contact:

Conny Ryk, CEO of Vestum AB (publ)

Phone: +46 70
775 53 10

E-mail: conny.ryk@vestum.se

The following documents can be
retrieved from
     beQuoted
Vestum-press-release-20210830.pdf-https://www.bequoted.com/beQPress/dow
     nload.asp?Id=43744

About
Vestum

Vestum is a Swedish acquisition-driven company focused on acquiring and
developing specialist companies within the construction services and
infrastructure industries. Vestum is actively looking for high-quality
companies with proven business models, strong market positions and predictable
cash flows where Vestum can be involved and contribute to continued positive
development.

For additional information, please visit: www.vestum.se
http://www.vestum.se

Vestums share is traded under the short name VESTUM on
Nasdaq First North Growth Market and the companys Certified Adviser is G&W
Fondkommission: phone: +46 (0)8 503 000 50, e-mail: ca@gwkapital.se
mailto:ca@gwkapital.se .