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Customer Announcement - Bulten completes acquisition of PSM International - Feb 2020

Dear customers and partners,

Being our strategically important customers and partners, we profoundly value your business and will

do everything possible to keep you abreast of any change that will affect our offerings to your

Company. In this connection, Bulten AB (publ) today announces that the acquisition of PSM

International Holdings Limited (PSM) has been completed. Closing of the transaction follows the

announcement on December 20, 2019, that Bulten has signed an agreement to acquire PSM.

Bulten is one of the leading suppliers of fasteners to the international market. The companys product

range includes everything from customerspecific standard products to customized special fasteners.

The company also provides technical development, linefeeding, logistics, material and production

expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded

in 1873, has some 1,400 employees in eight countries and head office in Gothenburg, Sweden. The

share (BULTEN) is listed on Nasdaq Stockholm.

Being a part of Bulten Group also means that PSM will strengthen our production capacity,

engineering resources, and product offerings and enable us to continue supporting the growth of our

valued customers.

I will remain as the President and CEO of PSM and be a part of Bulten's Group Executive Team.

Should you have any questons regarding this change, please do not hesitate to contact your normal

PSM contact person or email the undersigned for further clarification.

Marco Suzuki

President and CEO

PSM International