Altor Owns Approximately 98.3% of the Shares and Votes in Transcom After the Expiry of the Final Acceptance Period

STOCKHOLM, Mar 27, 2017 /PRNewswire/ --

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States of America, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law.

On 21 December 2016, Altor AB announced a recommended public cash offer to the shareholders of Transcom WorldWide AB ("Transcom") to tender all their shares in Transcom to Altor AB for SEK 87.50 per share (the "Offer").

Based on the final count of acceptances received during the final acceptance period which expired on 22 March 2017, an additional 1,440,200 shares in Transcom, representing approximately 5.5% of the total number of shares and votes in Transcom, have been tendered in the Offer[1]. This means that the Offer has been accepted by shareholders in Transcom holding an aggregate of 19,387,665 shares, representing approximately 74.0% of the total number of shares and votes in Transcom[2]. Together with the 6,377,238 shares in Transcom held by Altor AB prior to the announcement of the Offer, Altor AB now holds 25,764,903 shares, representing approximately 98.3% of the total number of shares and votes in Transcom[3]. Settlement in respect of the Transcom shares duly tendered after 10 March 2017 until 5 p.m. CET on 22 March 2017 is expected to occur on or around 3 April 2017.

As previously announced, Altor AB will not extend the acceptance period further.

Altor AB discloses the information provided herein pursuant to the Takeover Rules. The information was submitted for publication on 27 March 2017, 7.30 a.m. CET.

Information about the Offer
Information about the Offer is made available at: www.altor.com/transcomoffer.

For further information, please contact:

Tor Krusell
Head of Communications, Altor Equity Partners
Phone: [phone]
E-mail: [e-mail]

Altor AB in brief

Altor AB is a Swedish limited liability company, Reg. No. 556962-4108. Altor AB is jointly owned by Altor Fund IV (No. 1) AB, Reg. No. 556962-9172, and Altor Fund IV (No. 2) AB, Reg. No. 556962-9198, and has its registered office in Stockholm, with address at P.O. Box 16116, SE-103 23 Stockholm, Sweden. Altor AB has never conducted, and does not presently conduct, any business. The company's sole purpose is to hold the Transcom shares, carry out the Offer and to take any measure necessary to finance and complete the Offer as well as to act as the parent company of Transcom.