99.99 Per Cent Of HEX Shareholders Accept OM Takeover

On August 27, 2003, the Board of Directors of OM HEX AB extended the exchange offer to the shareholders in HEX to give shareholders who had not yet tendered their shares to accept the Offer. The extended Offer period expired

By None

On August 27, 2003, the Board of Directors of OM HEX AB extended the exchange offer to the shareholders in HEX to give shareholders who had not yet tendered their shares to accept the Offer. The extended Offer period expired at 4:00 pm Finnish time on 25 September.

During the extended Offer period an additional 90,254 shares in HEX were tendered. The HEX shares tendered during the extended Offer period, together with the HEX shares already held by OMHEX, correspond to more than 99.99 percent of the aggregate number of shares and votes in HEX, fully diluted.

As a consequence of the above, the Board of Directors has resolved to issue a maximum of 225,635 new shares, leading to an increase of the share capital by a maximum of SEK 451,270. The right to subscribe for the new shares shall only be granted to holders of shares in HEX, whereby the new shares shall be paid by transfer of the subscribers’ shares in HEX to OMHEX in accordance with the terms and conditions of the Offer.

The new shares in OMHEX are expected to be registered in the accepting HEX shareholders’ book-entry accounts and to be subject to public trading on 7 October.

The Board of Directors of OMHEX expects that the contribution in kind comprising a maximum of 90,254 HEX shares will be entered into the balance sheet of OMHEX at a maximum value of SEK 13,989,370, excluding transaction and integration costs.

OMHEX expects to initiate a compulsory acquisition proceeding with respect to the remaining HEX shares in October 2003.

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