Write-down of share capital

Write-down of share capital On 5 May 2004 the Billerud AB's Annual General Meeting decided to write down the company's share capital with 4,657,000 already acquired shares. This write-down has now been carried out. Following the write-down, the share capital amounts to SEK 665,662,475 and the total number of shares is 53,252,998, each of which is worth a nominal SEK 12.50. As of 8 October 2004, shares are distributed as follows: Total no. of registered shares 53,252,998 Shares bought back and owned by Billerud 1,133,000 Shares on the market 52,119,998 Convertible debenture (on full conversion 268,047 Shares on the market (after full conversion) 52,388,045 Stockholm 8 October 2004 Billerud AB (publ) Bert Östlund President & CEO For further information, please contact: Bert Östlund, President & CEO, +46 8 553 335 00 Nils Lindholm; CFO, +46 8 553 335 07 or +46 70 217 5225 For further information about Billerud, please visit 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/2004/10/08/20041008BIT20440/wkr0010.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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