Organisational change within EQT Partners

Frans Boch, Partner of EQT Partners since 1999, will succeed Bjørn Høi Jensen as head of EQT Partners, Copenhagen office as of 1 October 2002. Frans Boch has been working at EQT Partners in Stockholm during the last 2 years and recently relocated back to Copenhagen.

Bjørn Høi Jensen who founded the Copenhagen office 1998, will assume the position as co-head of EQT Partners, Munich office together with Hans Moock.

In July 2002 EQT announced a major transaction in Germany when EQT Northern Europe signed an agreement with Bayer to acquire the world’s fifth largest manufacturer of flavours and fragrances, Haarmann & Reimer. EQT will, at the same time, acquire shares in the competitor Dragoco and the two Holzminden-based manufacturers of flavours and fragrances, Haarmann & Reimer and Dragoco, will subsequently be merged into a new company, operating under a new name.

EQT will have a controlling stake of 76% in the new company, a company with combined sales of EUR 1,245 million, which will join the ranks of the top industry players. The merged company will have 5,800 employees at some 30-production facilities around the world.

Bjørn Høi Jensen, who was involved in the negotiations of the Haarmann & Reimer and Dragoco transactions, will assume his new position as of 1 January 2003.

Both Bjørn Høi Jensen and Frans Boch will continue as directors on the boards and will remain in charge as responsible partners on the current EQT portfolio companies.

Further information is available from:
Bjørn Høi Jensen, Partner, EQT Partners A/S, Tel +45 33 18 12 36
Frans Boch, Partner, EQT Partners A/S, Tel +45 33 18 12 39
Caroline Rosén, Partner, IR & PR; Communication, EQT Partners AB, Tel +46 8 440 53 37

EQT is a group of private equity funds with equity commitments exceeding
EUR 3 billion and is sponsored by Investor AB, the publicly listed holding
company of the Wallenberg group. EQT Partners, acting as investment advisor to
all EQT funds, has offices in Stockholm, Copenhagen, Helsinki and Munich. The
business concept of EQT is realised by acquiring and developing high-quality
medium sized companies in Northern Europe. EQT serves as an active owner and
works in close co-operation with the management of the companies it acquires,
to develop and implement value-enhancing strategies.