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3i sells Nordic Modular to Kungsleden for SEK 918 million

February 19, 2007

3i Group plc, which holds funds and the corporate management of Nordic Modular, is selling all shares and convertibles in Nordic Modular Holding AB to Kungsleden AB (publ). The sale price amounts to SEK 918 million based on a debt-free basis. The Nordic Modular group is the market leader in the leasing and production of temporary premises with modular buildings and is divided between the subsidiaries Temporent AB, Flexator AB and Nordic Modular Leasing AB. Customers consist of both private and public players. The Nordic Modular group has just over 220 employees and has estimated sales of SEK 560 million during the past year. Possession is estimated to occur on January 17.

The legal advisor for Kungsleden AB (publ) was the legal firm if Vinge with partner Michael Wigge, who was primarily assisted by Peter Kjöllerström and Niclas Bergström.

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