Billerud signs finance agreement

Billerud signs finance agreement Billerud today signed a finance agreement with a syndicate of international banks arranged by SEB Merchant Banking. The amount of the loan is SEK 2,200 million, with a term of approximately five years. As indicated in Billerud's listing prospectus, the syndicated loan replaces existing short-term financing. Stockholm, 18 December 2001 Billerud AB For further information, please contact: Bert Östlund, President & CEO, +46 8 553 335 00 or Nils Lindholm, CFO, +46 8 553 335 07 Billerud manufactures and sells packaging paper, in the form of kraft paper and containerboard, as well as market pulp. Production is carried out at the Group's integrated pulp and paper mills in Gruvön, Karlsborg and Skärblacka. Billerud has a world-leading position within several well-defined product segments. The main customer base is Europe but also includes the rest of the world. Billerud has annual sales of approximately SEK 7 billion and 2,400 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/18/20011218BIT00650/bit0001.doc http://www.waymaker.net/bitonline/2001/12/18/20011218BIT00650/bit0001.pdf

About Us

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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