Essity to Acquire Additional Shares in Asaleo Care

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Essity Aktiebolag (publ) (“Essity”) has announced that Essity has made a non-binding indicative proposal to the board of the hygiene company Asaleo Care Limited (“Asaleo”) for the acquisition of additional shares in Asaleo for a consideration of AUD 1.26 per share. Asaleo is listed on the Australian Securities Exchange (ASX). Essity is the largest shareholder of Asaleo, currently holding 36.2 percent of the shares. Asaleo’s current market capitalization on ASX is AUD 549m, based on the closing market price 1.01 AUD on 9 December 2020.

There can be no certainty that any agreement will be reached, that a formal binding proposal will be submitted, or that a transaction will be undertaken.

The proposal is not subject to financing conditions. Essity will finance its acquisition of shares through its own funds.

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