Year-End Report 2008

Successful divestitures, creation of Sweden’s largest independent school group and significant capital distributions

FOURTH QUARTER 2008
- The Parent Company’s profit after tax was SEK 676M (79).
- Consolidated net sales including discontinued operations amounted to SEK 314M (775). Net sales excluding sold units was SEK 314M (300).
- Consolidated profit including discontinued operations amounted to SEK 536M (158). Profit excluding sold units was SEK 2M (93).
- Earnings per share were SEK 6.38 (1.64).
- Bure’s share in EBITA of the portfolio companies was SEK 8M (27).

JANUARY - DECEMBER 2008
- The Parent Company’s profit after tax was SEK 1,019 MSEK (685).
- Equity per share in the Parent Company was SEK 29.14 (28.02).
- Consolidated net sales including discontinued operations amounted to SEK 2,285M (2,648).
Net sales excluding sold units totalled SEK 1,097M (1,013). Consolidated profit amounted to SEK 883M (1,047). Profit excluding sold units was SEK 114M (258).
- Earnings per share were SEK 9.82 (9.71).
- Bure’s share in EBITA of the portfolio companies decreased to SEK 43M (71).

KEY EVENTS
- Martin Henricson took over as Bure’s new CEO at the beginning of May.
- In June Bure’s subsidiary EnergoRetea acquired CLC Installationsconsult, an engineering consultancy in Skåne.
- In June Citat Group was sold to the communication group Edita, providing Bure with total proceeds of SEK 366M.
- In August Textilia was sold to a company owned by Litorina Kapital. The purchase price amounted to SEK 201M plus four different performance-based payments.
- In the autumn an agreement was signed for a merger between Anew Learning and AcadeMedia, thereby creating Sweden’s largest independent school group. The merger was effected through AcadeMedia’s acquisition of all shares in Anew Learning from Bure. The purchase price consisted of 6.3 million newly issued shares and SEK 274M in cash.
- Bure have during the year bought back shares for SEK 369M.
- Bure distributed its entire shareholding in AcadeMedia to Bure’s shareholders, equal to a value of SEK 717M.
- In December Bure decided to carry out a voluntary redemption procedure for a total of SEK 1,007M.

SUBSEQUENT EVENTS
- The voluntary redemption program was completed in February 2009 and SEK 1,007M was distributed to the shareholders.
- Together with Altor Equity, Bure has signed an agreement with the Swedish National Debt Office to acquire Carnegie
Investment Bank. The total purchase price amounts to SEK 1,402M plus an additional payment of at least SEK 250M
for recovery of loans.
- Together with Altor Equity, Bure has signed an agreement with the Swedish National Debt Office to acquire Max Matthiessen. The total purchase price for Max Matthiessen amounts to SEK 400M plus dividends of SEK 100M to the Debt Office.
- Bure’s holdings in Carnegie and Max Matthiessen will initially amount to 35 percent before distribution of ownership to key employees.
- The Board proposes that no dividend be paid for the financial year 2008 (SEK 1 per share).



A complete Year-End Report can be read at https://www.bure.se

Göteborg, 20 February 2009
Bure Equity AB (publ)


For additional information, please contact:
Martin Henricson, President, Phone +46 70-995 08 73
Jonas Alfredson, CFO, Phone +46 73-390 49 12

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