Gunnebo : applies for de-listing and convenes an extraordinary general meeting

Gothenburg, 18 November 2020

Gunnebo applies for de-listing and convenes an extraordinary general meeting

GB HoldCo AB ("GB HoldCo"), which is indirectly owned by Altor Fund Manager AB and Stena Adactum AB, declared the public offer for Gunnebo AB (publ) ("Gunnebo" or the "Company") unconditional on 17 November 2020. GB HoldCo controls more than

90 percent of the shares in Gunnebo and has notified the Company of its intention to request compulsory redemption of the remaining shares in the Company.

The board of directors of Gunnebo has, at the request of GB HoldCo, today resolved to apply for de-listing of the Company's shares from Nasdaq Stockholm. The last day of trading in the Company's shares on Nasdaq Stockholm will be announced as soon as the Company has received confirmation from Nasdaq Stockholm.

As requested by GB HoldCo, the board of directors of Gunnebo has further today given notice of an extraordinary general meeting to be held on 16 December 2020, for the purposes of, amongst other things, appointing a new board of directors.

For further information, please contact:

Isabelle Ljunggren, Director Investor Relations, phone [phone]

The Gunnebo Group operates worldwide providing innovative products, software and services to control the flow of valuables, cash and people. Gunnebo offers entrance control, safe storage, cash management and integrated security solutions to customers primarily within retail, mass transit, public & commercial buildings, industrial- & high-risk sites and banking. The Group has a turnover of MSEK 5,500 and is listed on NASDAQ Stockholm. www.gunnebogroup.com