Divestment of Modo Paper now completed

Divestment of Modo Paper now completed Now that the EU Commission has given its consent to Holmen's sale to Metsä-Serla of its 50 per cent interest in fine paper company Modo Paper, this transaction has been completed today in Helsinki. As the price of the shares is MSEK 6,500 and their value in Holmen's books is MSEK 4,500, Holmen makes a capital gain of some MSEK 2,000. This corresponds to SEK 22 per share. The divestment of the holding represents a step in the strategy laid down by Holmen's Board in January 1999. Holmen's President and CEO, Per Ericson, comments: "Holmen's strategy involves focusing on newsprint and magazine paper, and on paperboard. Holmen plans further growth in these areas. The sale of the shares in Modo Paper, will allow Holmen to pursue this strategy more aggressively. This is reflected in the acquisition in July this year of Spanish newsprint manufacturer Papelera Peninsular. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/09/20000809BIT00600/bit0001.doc http://www.bit.se/bitonline/2000/08/09/20000809BIT00600/bit0002.pdf

About Us

Holmen’s business concept is to own and add value to the forest. The forest holdings form the basis of the business – an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. The forest is managed to provide a good annual return and stable value growth while our production operations are run with a focus on profitability and greater value added. In 2017 Holmen’s net sales were just over SEK 16 billion and the group has approx. 3 000 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit holmen.com.