In accordance with NIBE Industrier AB's articles of association, owners of Class A shares are entitled to request conversion of Class A shares to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has been carried out, NIBE Industrier AB is obliged by law to publish details of the change.

In January 2016, at the request of shareholder, 125,000 Class A shares were converted into 125,000 Class B shares. The total number of votes in the company now amounts to 226,670,942. The total number of registered shares in the company is 110,253,638 shares, of which 12,935,256 are Class A shares and 97,318,382 are Class B shares.

Markaryd, 29 January 2016

NIBE Industrier AB

The Board of Directors

For further information, please contact:

Gerteric Lindquist, CEO
NIBE Industrier AB
Tel: +46 (0)433-73 076
e-mail: gerteric.lindquist@nibe.se

Hans Backman, CFO
NIBE Industrier AB
Tel: +46 (0)433-27 34 69
e-mail: hans.backman@nibe.se

NIBE Industrier AB is obliged by Swedish law (The Securities Market Act and/or The Financial Instruments Trading Act) to publish this information. The information was submitted for publication at 16.00pm CET on January 29, 2016.

NIBE Industrier AB issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 15:02:13 UTC

Original Document: http://www.nibe.com/Financial-Information/Pressreleases/Press-releases-2012/Conversion-of-shares-in-NIBE-Industrier-AB-publ-/