Closing of share swap agreement and repurchase of own shares

Addtech has today closed the share swap agreement entered into with
Svenska Handelsbanken in connection with a planned incentive program.
For further information, refer to the Company's semiannual report. The
closing has no effect on earnings.

Addtech has today repurchased 1,331,400 of its own class B shares, which
also constitutes the Company's total number of shares held in treasury.
These shares constitute 4.8 percent of the total number of shares
outstanding and 3.5 percent of the votes. The shares have been purchased
at a price of SEK 40.50 each. With this purchase, Addtech has secured
the Company's undertaking according to the option program for members of
senior management resolved by the general meeting of shareholders held
December 17, 2001.

Stockholm, December 18, 2001

For further information, contact Roger Bergqvist, President, Addtech AB,
+46 8 470 49 04 or
Kennet Göransson, CFO, Addtech AB, +46 8 470 49 10

Addtech

Addtech offers high-tech solutions based on industrial components and systems. Operations have a distinctive niche orientation, with leading positions in several product areas.

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  CONTACT  
  • Kennet Göransson
  • CFO and vice President
  • 08-470 49 10
  •  

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Closing of share swap agreement and repurchase of own shares