Sanitec - Company Announcement

SANITEC PRICES ITS INITIAL PUBLIC OFFERING AT SEK 61 PER SHARE – TRADING ON NASDAQ OMX STOCKHOLM COMMENCES TODAY

Helsinki 10 December 2013, 07.00 CET/08.00 EET

Sanitec Corporation (“Sanitec” or the “Company”), the leading producer of
bathroom ceramics in Europe, today announces the outcome of the initial public
offering (the “Offering”) of its shares and listing on NASDAQ OMX Stockholm. 

The Offering attracted strong interest among Swedish and international
institutional investors as well as Swedish retail investors. The Offering was
over-subscribed several times. 

Highlights of the Offering
•	The final offering price per share set at SEK 61, corresponding to an equity
value of Sanitec of SEK 6,100 million 
•	The Offering was increased in accordance with the terms of the Offering by
12,173,914 shares, implying that a total of 52,173,914 shares, corresponding to
52.2% of the shares in Sanitec, are being sold by the Company's sole
shareholder Sofia IV S.à r.l. (the “Selling Shareholder”), indirectly owned by
EQT IV 
•	In addition, the Selling Shareholder has granted an over-allotment option  of
up to 7,826,086 additional shares, representing up to 15.0% of the total number
of shares in the Offering. If the over-allotment option is exercised in full,
the Offering comprises 60,000,000 shares representing 60.0% of the shares in
Sanitec 
•	The Offering is valued at SEK 3,183 million assuming that the over-allotment
option is not exercised and SEK 3,660 million assuming that the over-allotment
option is exercised in full 
•	Trading in the Sanitec share on NASDAQ OMX Stockholm commences today 
10 December 2013 under the symbol “SNTC” 
 
Peter Nilsson, CEO of Sanitec, comments: “We are very proud of the strong
interest we have received from both institutional and retail investors. The
outcome of the Offering confirms that we during the last years have been very
successful in implementing efficiency improvements under the “One Sanitec”
strategy and is also a sign of confidence in our future plans and strategy. We
welcome our around 3,000 new shareholders and look forward to continuing to
develop Sanitec as a publicly listed company”. 

Caspar Callerström, Partner at EQT Partners, comments: “We are very pleased
with the outcome of the Offering and the strong shareholder base with
well-reputed Swedish and international institutional investors as well as
Swedish retail investors. We would like to welcome the many new shareholders
and look forward to continuing to support the future development of Sanitec”. 

Following completion of the Offering and assuming that the over-allotment
option is exercised in full, the Selling Shareholder will remain the largest
shareholder with approximately 40.0% of the shares in Sanitec. Approximately
3,000 investors have been allocated shares in Sanitec. Approximately 6% of the
shares have been allocated to retail investors, and 94% to institutional
investors. 

Nordea and UBS Investment Bank are acting as Joint Global Coordinators and
Joint Bookrunners. Carnegie Investment Bank is acting as Joint Bookrunner and
Handelsbanken Capital Markets is acting as Co-Lead Manager. 
About Sanitec
Sanitec is the market leader in bathroom ceramics and a leading supplier of
bathroom fixtures in the Company's core markets with a unique portfolio of
locally well-established brands. Sanitec has longstanding and stable
relationships with customers, installers and other industrial partners, and
develops sustainable and complete bathroom concepts including bathroom
ceramics, furniture, pre-wall flushing solutions, taps and mixers, as well as
baths and showers. Sanitec's brands and products represent a high level of
innovation and quality, as well as advanced design that is both functional and
attractive. 

Sanitec operates an integrated organisation with an unparalleled local presence
to provide the best value to its customers when it comes to bathroom products.
In 2012 net sales amounted to EUR 753 million, and currently Sanitec employs
approximately 6,500 people working in 18 European based production plants and
at the Company's sales, product management and design and other support
offices. Sanitec's head office is located in Helsinki, Finland. 

For more information about Sanitec and its products, please visit
www.sanitec.com. 

For additional information, please contact:
Niklas Alm, Head of Investor Relations
ir@sanitec.com 
tel. +46 76 855 7836

Noora Koikkalainen, Head of Corporate Communications
sanitec.corporation@sanitec.com 
tel. +358 10 662 5426 
Copies of this announcement are not being made and may not be distributed or
sent into the United States, Canada, Australia or Japan. 

This announcement is not an offer for sale of securities in the United States. 
The securities referred to herein may not be sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of
1933, as amended.  Sanitec Corporation does not intend to register any portion
of the offering of the securities in the United States or to conduct a public
offering of the securities in the United States. 

In any EEA Member State, other than Sweden, that has implemented Directive
2003/71/EC as amended (together with any applicable implementing measures in
any member State, the “Prospectus Directive”), this communication is only
addressed to and is only directed at qualified investors in that Member State
within the meaning of the Prospectus Directive. Any investment activity to
which this communication relates will only be available to and will only be
engaged with, qualified investors. 

This communication does not constitute an offer of the securities to the public
in the United Kingdom.  No prospectus has been or will be approved in the
United Kingdom in respect of the securities.  This communication is being
distributed to and is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who are investment professionals within the meaning of
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and
other persons to whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order (all such persons together being referred to as
“Relevant Persons”).  Any investment activity to which this communication
relates will only be available to and will only be engaged with, Relevant
Persons.  Any person who is not a Relevant Person should not act or rely on
this document or any of its contents.