Alfa Laval AB raises its offer to purchase minority shares in Alfa Laval India

STOCKHOLM, SWEDEN, May 18, 2007 -- Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, announced on 26 February 2007 a public offer to increase its share of Alfa Laval (India) Ltd. The intention is to increase the holding with 26 percent to 90 percent through this offer. The initial offer was 875 rupees per share. Alfa Laval AB now raises the offer to 1,300 rupees per share. The closing price on May 15, 2007 was 1,042 rupees per share.

The Alfa Laval Group today holds 64 percent of Alfa Laval (India) Ltd., listed on the stock market in Mumbai. Through this public offer Alfa Laval intends to increase its share of ownership in the company to 90 percent. The offer is aimed at the approximately 11,000 minority shareholders of Alfa Laval (India) Ltd. and corresponds to approximately 4.7 million shares. The new offer price represents a total value of approximately SEK 1,000 million (approximately EUR 110 million). The public offer is open between May 7 and May 26, 2007.

Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.

Alfa Laval India Ltd Alfa Laval has been present in India since 1937. During 2006 Alfa Laval (India) Ltd. had an order intake of SEK 900 M and approximately 1,000 employees.

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Also see:
-- "Alfa Laval benefits from global refinery expansion"
-- "Alfa Laval's acquisition of Helpman finalized"
-- "Alfa Laval receives major orders on the fast growing marine market in Vietnam"

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