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18 Jan, 2010 15:03 CET
Solar A/S Company Announcement No. 2 Business activities in Solar Suomi Oy have now been divested

In announcement no. 21 dated 3 November 2009, Solar A/S announced that the
Finnish subsidiary Solar Suomi Oy had entered into negotiations about the
divestment of its business activities to Ahlsell Oy.

All relevant matters have now been clarified, and Ahlsell has acquired all
business activities as of today, including Solar Suomi's inventories, some
non-current assets and customer-related assets, all in all equalling € 2.7m.

The financial consequences remain that provisions resulting from the divestment
of the activities of Solar Suomi Oy will not affect Solar A/S' expectations for
group revenue and EBITA for 2009 but will generate costs of approximately €
1.5m which will be charged to the income statement under special items in Q4
2009, c.f. announcement no. 21 2009.

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Course of annual general meeting (AGM) of Solar A/S 16 April 2010

The AGM discussed and approved:

- Management's review and Annual Report 2009, including the management's
statement and auditor's report.
- The decision to appropriate profit as stated in the adopted annual accounts with the
payment of DKK 4.25 in dividend per share at DKK 100.

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About us

Solar is developing rapidly and is one of Northern Europe’s leading and most modern companies in its field today.

The Solar Group is an international technical wholesaler with electrical, ventilation and HWS (heating, water and sanitary) components as primary product areas. Through the subsidiary Aurora Group A/S, Solar also sells accessories for consumer electronics.

Solar unites warehouse and distribution strengths with technical and marketing competences and support in one unique concept.

Solar A/S was founded in 1919 under the name Aktieselskabet Nordisk Solar Compagni and has had its headquarters in Kolding, Denmark, since.

The group has approximately 3,010 employees and has companies in Denmark, Sweden, Norway, Germany, the Netherlands, Poland, Finland and the Faroes.

Annual revenue amounts to € 1,500m (2008).

Solar A/S is listed by NASDAQ OMX Copenhagen and the stock is included in the MidCap+ index.

The chairman of the Solar Group Supervisory Board is associate professor, lic. scient. Jens Borum. The Executive Board of the company is in the hands of Chief Executive Officer Flemming H. Tomdrup.

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08.07.2010 11:19
Solar A/S: No. 17 Solar Norge AS and Bravida Norge AS conclude strategic cooperation agreement


Solar Norge AS and Bravida Norge AS have entered into a cooperation agreement meaning that Solar has been chosen Bravida's preferred supplier of all electrical installation products in the next two years. The two companies thus expand their fruitful cooperation by moving closer together. In this way, the agreement is based on a close and incorporated cooperation with intense focus on development and optimisation of mutual processes.

Bravida is the leading total supplier of technical installation services as well as services within the building sector in Scandinavia. In Norway, Bravida is nationwide with its 46 subdivisions and approximately 2,300 employees and Norway is among the Solar Group's four main markets just like Denmark, Sweden and the Netherlands.

Bravida creates effective and technical solutions within installation and service and Bravida's qualifications generate value-adding solutions for their customers.

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Solar has prepared a refreshed strategy for the period 2010-2015. This Group strategy is designed to ensure improved financial performance and continued advancement of the group’s position as a technical wholesaler in a challenging market, where expectations for market growth in the first half of the strategy period are limited.

The refreshed strategy includes the following initiatives:
• To outperform the market as the number 1 technical wholesaler by further expanding our product range and knowledge base within electrical, heating, plumbing and ventilation products in our four key markets Denmark, the Netherlands, Sweden and Norway. This will be underpinned by Solar Consulting’s technical training and management services to the market.
• To capture organic growth opportunities, the group will increase its focus on the climate and energy segments as well as on facility management and utility by expanding the product and service offers aimed at these segments.
• To upgrade the group’s business model to also encompass a business model for emerging markets. One model will be directed at consolidating our key markets and the other at emerging markets. The latter will focus on outstanding logistics and market-driven product demand.
• To enhance efficiency and profitability in all markets by capitalising on the introduction of standardised processes supported by a new, common Group SAP IT platform. Combined with the group’s performance improvement project, this will significantly increase profitability within sales, supply chain and product management.
• To continue strengthening our leadership and specialist competences as well as defining new ways of working across countries and functions. This is supported by the introduction of Solar Business Academy. Enhanced focus will be placed on employer branding to attract new employees with competences complementing those already available.

Solar Group is committed to incorporating progressive market opportunities into the strategy, so that financial objectives are reached. Solar’s organisation is fully mobilised to implement the refreshed strategy with the goal of operating a profitable organisation and obtaining the position as the number 1 technical wholesaler.