The Swedish government's venture capital company for the automotive industry, Fouriertransform, has today invested SEK 40 million in NovaCast, acquiring 33% of the capital and 24% of the votes. Given that NovaCast is a potential competitor to SinterCast, could SinterCast please comment on the fact that its Chairman, Ulla-Britt Fräjdin-Hellqvist, is also a member of the Fouriertransform Board.

In consideration of our Chairman’s confidentiality obligations to Fouriertransform, there has been no prior discussion between Ulla-Britt Fräjdin-Hellqvist and SinterCast in this matter. Ulla-Britt contacted me today immediately after the Fouriertransform press release was issued to ensure that SinterCast was aware of the investment. Ulla-Britt has confirmed that, due to her role with SinterCast, she has not participated in any of the discussions or decisions related to NovaCast. This has also been confirmed by Fouriertransform.