Lagercrantz Group’s Board of Directors decides on repurchase of own shares

8/23/2006 1:45 PM EST

The Board of Directors of Lagercrantz Group AB has today decided to exercise the authorisation obtained from the Annual Meeting held 23 August 2006 to repurchase shares in the Company during the period until the next following regularly scheduled Annual Meeting.

The purpose of repurchases is to enable the Group to adapt its capital structure and to allow for future acquisitions of companies or businesses to be made with payment in own shares and to cover the company’s obligations according to incentive programmes.

Purchases will be made over Stockholmsbörsen (the Stockholm Stock Exchange) at the market price prevailing at the time of purchase. According to the decision of the Board of Directors, a maximum number of shares may be acquired until the next following regularly scheduled Annual Meeting so that the Company’s holding of shares held in treasury may at no time exceed 10 percent of the total number of shares outstanding in the Company.

Lagercrantz Group AB holds 736,423 class B shares in treasury. The total number of shares in the Company is 24,414,232.

Stockholm, 23 August 2006

Lagercrantz Group AB (publ)

Board of Directors

For further information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 66 70
Niklas Enmark, CFO, Lagercrantz Group AB, telephone +46 8 700 66 70