Investment Projects

Investment projects The Board of Billerud AB has authorised MSEK 316 to be invested in two major projects at Gruvön and Skärblacka. The investment at Gruvön will be worth MSEK 247 and comprises a new, biological external purification plant. The new plant will improve the environmental situation at the mill and will meet the requirements connected with the operation permit now in force for Gruvön. The investment is also a necessary adaptation for current production and capacity, and will provide flexibility in terms of any capacity-raising investments in future. The plant will enter operation in the first half of 2006. This project was described in the listing prospectus produced by Billerud in 2001. The investment at Skärblacka will be worth MSEK 69 and will be used to increase capacity by 13,000 tonnes per year for sack paper and kraft paper produced on PM 9. The investment is necessary for capacity reasons and to fulfil the company¹s desire to continue development of higher quality sack paper and kraft paper. This investment meets Billerud¹s requirements for financial return on investment. Increased capacity will be on stream from the end of 2004. Stockholm October 21, 2003 Billerud AB (publ) Bert Östlund CEO For further information, please contact: Bert Östlund, President & CEO, +46 8 553 335 00 or +46 70 518 2757 Nils Lindholm; CFO, +46 8 553 335 07 or +46 70 217 5225 Information about Billerud is available at www.billerud.com. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/21/20031021BIT00620/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/21/20031021BIT00620/wkr0002.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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