Holmen appeals against tax decision

Holmen appeals against tax decision The Swedish tax authority has decided to raise Holmen AB's taxable profit by approximately MSEK 2,600, which would represent a tax charge of more than MSEK 700. The decision is based on the capital reduction and dividend from the Group's French operations reported by the company in the tax return for 2001. The company considers the decision by the tax authority legally unfounded and intends to appeal against it to the county administrative court. For questions, please contact Anders Almgren, Holmen's CFO, tel. +46 8 666 21 00. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/22/20031222BIT20030/wkr0001.pdf Holmen appeals against tax decision http://www.waymaker.net/bitonline/2003/12/22/20031222BIT20030/wkr0003.doc

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Holmen is a forest industry group that manufactures paperboard, paper and wood products and runs forestry and energy production operations. In 2016 Holmen’s net sales were SEK 15.5 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