Proffice Group Sells Proffice Aviation

Regulatory News:

Proffice (STO:PROEB)

Proffice Group has today sold off its Aviation division to OSM Aviation AS in Norway. Aviation has been responsible for staffing the Norwegian airline for the last four years, primarily with cabin crew. Norwegian is moving towards a global supplier solution, and has selected OSM Aviation as their future supplier within the Nordic region. This marks the end of the collaboration with Proffice Group in all four Nordic countries.

"To ensure the best possible transition for the business, and to simultaneously prioritise continued employment for the staff, we have decided to sell all shares in the Proffice Aviation company to OSM Aviation", says Henrik Höjsgaard, President and CEO of Proffice Group.

"We have been very satisfied with the quality and security of supply that Proffice represents. We take a positive view of the fact that Proffice has sold the operation to an international actor as it is a good fit with Norwegian’s global strategy”, says Krister Aarnio, CEO of Norwegian Air Resources.

"The acquisition of Proffice Aviation is an important part of our strategy to become a leading international supplier within Airline Crew Management. We look forward to welcoming all the skilled staff to OSM Aviation", says Espen Höiby, CEO of OSM Aviation Group.

For Proffice Group, the operation that has been sold represents an annual turnover of around SEK 300 million. The sale is expected to have a total negative impact of approx. SEK 15 million on the group's full-year results for 2015. The purchase price amounts to SEK 50 million, including a preliminary capital gain of SEK 10 million.

This is a translation from Swedish. In the event of any discrepancies between the Swedish and the translation, the former shall have precedence.

Proffice Group is one of the Nordic region's largest specialists within staffing, recruitment and outplacement. Our commitment and service help people and companies to find solutions to develop. The Proffice Group consists of Proffice, Dfind and Antenn and it has around 10,000 employees. The Proffice share is listed on Nasdaq Stockholm, Mid Cap. www.proffice.com

Proffice Aktiebolag discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 2 p.m. on April 17, 2015.

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