BC Partners completes sale of 25,000,000 ordinary shares in Com Hem Holding AB

19 March 2015

Further to the announcement by BC Partners on 19 March 2015, BC Partners has completed the sale of 25,000,000 ordinary shares (the "Placing Shares") representing 12% of the issued share capital of the Company at a price of SEK 76 per Placing Share.

Further to the announcement by BC Partners on 19 March 2015, BC Partners has completed the sale of 25,000,000 ordinary shares (the "Placing Shares") representing 12% of the issued share capital of the Company at a price of SEK 76 per Placing Share.

J.P. Morgan and Morgan Stanley acted as Joint Bookrunners and Nordea acted as Co-Lead Manager in relation to the Placing.

The trade date of the Placing will be 20 March 2015 and settlement of the Placing is expected to occur on 24 March 2015.

Following the offering, BC Partners will continue to hold 73,911,671 shares, representing approximately 35.6% of the issued share capital of the Company.

BC Partners has agreed to a 90-day lock-up in respect of its shareholding in the Company (subject to customary exceptions).

Important notice

No communication and no information in respect of the sale described in this announcement may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The placement described in this announcement may be subject to specific legal or regulatory restrictions in certain jurisdictions. Norcell S.a.r.l. takes no responsibility for any violation of any such restrictions by any person.

This announcement is not a prospectus within the meaning of Directive 2003/71/EC, as implemented in each member state of the European Economic Area, and amendments thereto, including Directive 2010/73/EU to the extent implemented in the relevant member state of the European Economic Area (together, the “Prospectus Directive”).

This announcement does not, and shall not, in any circumstances constitute a public offering, nor an offer to sell or to subscribe, nor a solicitation to offer to purchase or to subscribe securities in any jurisdiction.

With respect to the member states of the European Economic Area which have implemented the Prospectus Directive (each, a “Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of the shares of Com Hem Holding AB sold by Norcell S.a.r.l. requiring publication of a prospectus in any Relevant Member State. As a consequence, the shares of Com Hem Holding AB may only be offered or sold by Norcell S.a.r.l. in any Relevant Member State pursuant to an exemption under the Prospectus Directive.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or exempt from registration. Norcell S.a.r.l. does not intend to register the offer or any portion thereof in the United States or to conduct a public offering of securities in the United States.

This document does not constitute a public offering of securities in the United Kingdom. In the United Kingdom, this document is directed only at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"), (ii) "high net worth entities", "unincorporated associations" and other persons to whom it may otherwise be lawfully communicated under Article 49(2)(a) to (d) of the Financial Promotion Order and (iii) to other persons to whom this document may be lawfully communicated (all such persons together being referred to as “relevant persons”). In the United Kingdom, any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

This press release may not be published, forwarded or distributed in the United States, Canada, Australia or Japan.

J.P. Morgan Securities plc and Morgan Stanley & Co. International plc, which are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, are acting only for BC Partners in connection with the Placing and will not be responsible to anyone other than BC Partners for providing the protections offered to their clients, nor for providing advice in relation to the Placing or any matters referred to in this announcement. J.P. Morgan or Morgan Stanley may participate in the Placing on a proprietary basis.