|NORDAX LARGEST SHAREHOLDERS AS OF 31 JANUARY 2018*||Ownership**|
|Nordic Capital through companies**||10.0|
|Allianz Global Investors||6.6|
|Investment AB Öresund***||5.3|
|TIAA - Teachers Advisors||2.8|
|Janus Henderson Investors||2.1|
|Swedbank Robur Fonder||1.7|
|Source: Holdings of Modular Finance AB. Compiled and processed data from various sources, including Euroclear, Morningstar and the Swedish Financial Supervisory Authority|
* The verification date may vary for foreign shareholders.
** On the 8th of February 2018 Nordic Capital and Sampo, through the company NDX Intressenter AB, announced a public offer to all shareholders of Nordax, read more regarding the offer on www.ndxintressenter.com. Nordic Capital have notified that they as of the 9th of February have increased their ownership to 54.55%.
*** In conjunction to the offer above Handelsbanken Fonder, Carnegie Fonder and Investment AB Öresund have notified that they have sold all their shares in Nordax.