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KLIPPAN AB manufactures, develops and markets fine and special paper and cardboard.

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Interim report January-September 2004

Interim report January-September 2004 ·Group turnover amounted to MSEK 1,048.1 (MSEK 1,274.3) ·Result after financial items reported as MSEK -70.5 (-108.1) ·Profit after tax reported as MSEK -49.6 (-87.2). ·Result per share is reported as SEK -6.00 (-10.55) ·Through the programme of measures, fixed costs have fallen by just over MSEK 40 over the period ·The notified price increases have started to come into effect during September For further information, please contact Ragnar Quarnström, managing director, tel +46(0)771-11 00 00 or +46(0)70 600 32 21 or Gunnar Nyqvist, finance director,

KLIPPAN AB - In new positions

KLIPPAN AB - In new positions Management Group Anders Ljunge, born 1948, has been appointed Chief Financial Officer for KLIPPAN AB as from October 1, 2004*. He is a member of the company's management team. Ljunge holds a legal degree as well as a B Sc Econ. He has a wide experience from CFO positions in Sweden as well as abroad and most recently he held the CFO position with Stenqvist International AB, Helsingborg, Sweden. Marketing and Sales Holland Max Peters, born 1968, has been appointed Sales Manager BeNeLux with effect from October 1, 2004. He is well experienced within the paper

Björn Gillberg leaves the KLIPPAN Board of Directors

Björn Gillberg leaves the KLIPPAN Board of Directors Björn Gillberg, has decided to resign from the KLIPPAN Board of Directors as ordinary member with effect from September 3, 2004. He will then devote more time to VärmlandsMetanol AB. This is a project aimed to build the first factory for manufacturing of car fuel of methanol made from forest raw material. Jan Bernander, majority owner of KLIPPAN, and Björn Gillberg are shareholders in VärmlandsMetanol AB. KLIPPAN AB Jan Bernander Chairman of the Board of Directors For futher information please contact: Mr Jan Bernander, Chairman of the

Interim report 1 January - 30 June 2004

Interim report 1 January - 30 June 2004 - Group turnover amounted to MSEK 741.9 (MSEK 912.9) - Result after tax reported as MSEK -19.8 (-34.9) - Operating profit reported as MSEK -18.1 (-30.2) - Result per share reported as SEK -2.40 (-4.22) - Through the programme of measures, fixed costs have fallen by MSEK 25 - Increased pulp and energy costs amounted to some MSEK 15 during the second quarter For further information, please contact the managing director Ragnar Quarnström on +46 (0)771-11 00 00 or +46 (0)70 600 32 21 or finance director Gunnar Nyqvist on +46 (0)771-11 00 00 or +46 (0)70

KLIPPAN - In new positions

KLIPPAN - In new positions KLIPPAN AB In order to facilitate the ongoing work of turning around KLIPPAN's result, a number of cost reduction measures have been implemented, such as reducing fixed costs by almost MSEK 50 annually, tailoring production capacity to demand, reducing the number of standard articles and improving internal efficiency. Selective new recruitment is now creating a broader competence base within the company. In new positions Management group Kjell Svensson, born 1962, has been appointed Sales and Marketing Director for KLIPPAN AB as from 2 August 2004*. He is a member

Burenstam Linder leaves Board

Changes in the Board of Directors Mariana Burenstam Linder, has decided to resign from the KLIPPAN Board of Directors as ordinary member with effect from June 1, 2004. She will then take up other operational positions. KLIPPAN AB Jan Bernander Chairman of the Board of Directors For futher information please contact: Mr Jan Bernander, Chairman of the Board of Directors, tel. +65 9661 7974 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/

Annual General Meeting

ANNUAL GENERAL MEETING AT KLIPPAN Election of board At KLIPPAN's annual general meeting, Jan Bernander, Bertil Bernadotte, Mariana Burenstam Linder, Björn Gillberg, Tommy Kullberg, Stefan Lersten and Kjell Svensson were re-elected as ordinary members of the board. Lars-Åke Helgesson was elected as new ordinary member of the board. Lars-Åke Helgesson, born 1941, is the ex CEO of STORA. He is chairman of the board of Ballingslöv International AB, Generic Systems AB, StyrelseAkademien i Sverige, Svenska Hus AB and Translink AB and deputy chairman of British-Swedish Chamber of Commerce.

Interim Report January - March

Interim Report January-March 2004 · Group net turnover amounted to MSEK 385.1 (502.9). · Result after tax was MSEK -6.9 (3.2). · Operating result was MSEK -4.4 (9.8). The result fell compared to the first quarter last year as a consequence of lower prices and lower volume. · Result per share amounted to SEK -0.83 (0.39) · A radical reform programme has been carried out since the end of 2003. For further information, please contact the managing director Ragnar Quarnström, tel +46 (0)771-11 00 00 or +46 (0)70 600 32 21 or the finance director Gunnar Nyqvist, tel +46 (0)771-11 00 00 or +46 (0)

KLIPPAN - Mill Managers

Mill Managers Göran Lindqvist will leave his position as Mill Manager at Lessebo Mill with effect from May 1, 2004. Lars Altgård will hold the position as Mill Manager at Lessebo until June 14, 2004 in addition to his duties as purchasing manager. Ulf Bergqvist has been appointed Mill Manager at Lessebo Mill with effect June 14, 2004. He is holding the position as Mill Manager at Mölndal Mill since February 2003 and previously to that he held the position as Mill Manager at Lessebo. Ulf Ek has been appointed acting Mill Manager at Mölndal Mill as from June 14, 2004 - pending local

Changes to the management group

Changes to the management group Olle Grundberg will be leaving his position as deputy MD and Sales and Marketing Manager in conjunction with the annual general meeting for KLIPPAN AB on 6 May 2004. Grundberg will be nominated deputy Board member at the meeting. KLIPPAN AB Ragnar Quarnström Managing director For further information, please contact the managing director Ragnar Quarnström, tel +46(0)771-11 00 00 or +46(0)70 600 32 21 KLIPPAN is a leading producer of speciality paper for the graphic industry with a total capacity of 200,000 tons per year. Production is carried out at the three

KLIPPAN - Energy investments

KLIPPAN AB - Energy investments Mölndal Mill KLIPPAN AB has acquired the energy plant at Mölndal Mill from Vattenfall. The plant consists of a gas turbine for electricity production, a steam generator for process steam and operation of a steam turbine. Through the acquisition, Mölndal Mill will become self- supporting in its steam requirement and produce 40% of its electricity requirement. There will also be capacity to supply district heating. Klippan Mill KLIPPAN AB and Vattenfall have signed a letter of intent to create a joint venture to build a biofuel powered boiler, to cover the mill'

KLIPPAN and Pappers have been reconciled

KLIPPAN is a leading producer of speciality graphic papers and operates three paper mills with a combined capacity of 200,000 tons per annum. The mills are located in Klippan, Lessebo and Mölndal, all in the south of Sweden. The Swedish Paper Workers Union, Pappers, organizes approximately 25,000 workers within the pulp and paper industry in Sweden Klippan and Stockholm 11 December, 2003 KLIPPAN AB and Pappers have become reconciled - Pappers retracts summons before Labour Court For a period, KLIPPAN and Pappers have had a number of disputes raised at high level and in certain cases also in

Publishing dates

Publishing dates for financial information 2004 The publishing dates for financial information 2004 from KLIPPAN AB are as follows: Thursday 26 February Year-end report 2003 Wednesday 6 May Interim report January-March 2004 Annual Shareholders Meeting in Klippan at 16.00 hrs Thursday 26 August Interim Report January-June 2004 Thursday 21 October Interim report January-September 2004 KLIPPAN AB [REMOVED GRAPHICS] Ragnar Quarnström Managing Director For further information please contact Beryl Sten, tel +46 (0)435-292 03. KLIPPAN is a leading producer of speciality graphic papers and operates

KLIPPAN AB - reduced costs

KLIPPAN AB The work towards lowering costs and reducing losses within KLIPPAN AB is currently considered to be leading to a reduction in staffing levels at the various mills totalling 150 persons. The reduction represents a cost reduction of some MSEK 50. Local negotiations in accordance with the Law on co-determination at work will start shortly at the mills. Ulf Ek, 60, a board member of KLIPPAN AB since 2000, has been appointed acting Mill Manager at Klippan Mill as from 17 November 2003. Ulf Ek has many years of experience from leading positions within Swedish forestry industry. Bo

New CFO

KLIPPAN AB - New Chief Financial Officer Gunnar Nyqvist, MBA, (54) has been appointed as acting Chief Financial Officer/Head of Finance & IT Department with effect from November 10, 2003. Gunnar Nyqvist has held CFO positions within various Swedish companies and most recently as CFO of Becker-Acroma Group. From the same date Kenneth Nellros will leave his position. Ragnar Quarnström Managing Director For further information please contact Ragnar Quarnström, Managing Director, tel +46 (0)435-291 01. KLIPPAN is a leading producer of speciality graphic papers and operates three paper mills

Interim Report

KLIPPAN AB - Interim report January - September 2003 - Net turnover MSEK 1,202.1 (981.5) - Result after net financial items MSEK -108.1 (47.1) - Result after tax MSEK -87.2 (37.7) - Result per share SEK -10.55 (4.56) Klippan, 23 October 2003 Bengt Östensson President For further information, please contact the President, Bengt Östensson, tel +46(0)771-11 00 00 or +46(0)70 595 86 27 or the Vice-President Finance, Kenneth Nellros, tel +46(0)771-11 00 00 or +46(0)70- 542 93 25 KLIPPAN is a leading producer of speciality paper for the graphic industry with a total capacity of 200,000 tons per

New Managing Director

KLIPPAN AB - New managing director The Board of Directors of KLIPPAN AB has decided to relieve the Managing Director Bengt Östensson from his position with immediate effect. Deputy Managing Director Olle Grundberg has been appointed as acting Managing Director until November 3, 2003. Ragnar Quarnström has been appointed Managing Director with effect from November 3, 2003. Ragnar Quarnström, 55, has held various senior management positions within the forest industry and most recently as Managing Director of Becker-Acroma Ltd in the United Kingdom, a subsidiary of AB Wilh Becker. KLIPPAN AB

Interim report January - June 2003

KLIPPAN AB - Interim report January - June 2003 · Profit after net financial items MSEK -40.1 (34.2) · Decision to move the production in Scotland to the Swedish mills and to close down the operation in Caldwells · Continued weak market · Savings packages approved For further information, please contact the President, Bengt Östensson, tel +46(0)771-11 00 00 or +46(0)70 595 86 27 or the Corporate Manager Finance, Kenneth Nellros, tel +46(0)771-11 00 00 or +46(0)70-542 93 25. ------------------------------------------------------------ This information was brought to you by Waymaker http://

KLIPPAN introduce rationalization programme

KLIPPAN introduce a programme of rationalization After having acquired the paper mill Mölndal in Sweden and the operations of Scottish Caldwells during 2002 further possibilities for rationalization exist within the KLIPPAN Group. Consequently, he Board has decided about a programme of rationalization comprising the Swedish mills in Klippan, Lessebo, Mölndal as well as Caldwells in Scotland. The savings are expected at approximately MSEK 35 annually with a total reduction in manning of 103. Negotiations in accordance with the Act on employee participation in decision-making ("MBL") will

Annual General Meeting

ANNUAL GENERAL MEETING FOR KLIPPAN At KLIPPAN's annual general meeting, Jan Bernander, Bertil Bernadotte, Ulf Ek, Björn Gillberg, Tommy Kullberg, Stefan Lersten and Kjell Svensson were re-elected as members of the Board. Mariana Burenstam Linder was elected a new ordinary member. Mariana Burenstam Linder, a graduate in business administration, has held a number of managerial positions within SEB, Nordic Management AB, ABB Financial Consulting and Trygg-Hansa/SEB and also been a member of the board of IT Provider and Nära Kroppen AB. Mariana Burenstam Linder is currently a member of the

Interim Report January-March 2003

KLIPPAN AB - Interim report January - March 2003 ·Result after net financial items MSEK 4.4Mkr (18.1) ·Weak market development ·Production co-ordination continues. The move of coloured paper from Caldwells to the Swedish mills executed. The business in general KLIPPAN AB bought Stora Enso Mölndal AB as at 2 April 2002, whereupon this company changed its name to KLIPPAN Mölndal AB. On 30 October 2002 KLIPPAN took over the operation at Caldwells Mill in Scotland. These events have meant that certain comparisons between the first quarter of 2003 and the corresponding period in 2002 are not

KLIPPAN restructuring Caldwells Mill and selling business to Curtis Fine Papers

KLIPPAN restructuring Caldwells Mill and selling business to Curtis Fine Papers Following the acquisition at the end of last year of the Caldwells Mill, Inverkeithing in Scotland, KLIPPAN has decided on the future strategy of that unit. The mill will concentrate all production to the paper machine PM 5, which along with associated plant will be upgraded leading to the development of sustainable business. Production at the smaller PM 3 will discontinue in July 2003. As a result of this the mill will increase operations from the current five and a half days per week to a continuous seven days

Notice Annual General Meeting

NOTICE OF ANNUAL GENERAL MEETING FOR KLIPPAN AB (publ) The shareholders in KLIPPAN AB, organization No 556360-1821, are invited to the annual general meeting to be held on Wednesday 7 May 2003 at 4 pm at Klippan Mill, Bruksallén, Klippan. Notice Shareholders who wish to participate in the annual general meeting · shall both be registered in the shareholder register maintained by VPC AB on 25 April 2003, and · shall also have given notice of their own participation and that of any assistant to KLIPPAN AB, Attention Beryl Sten, SE-264 23 Klippan, Sweden by noon on 2 May 2003 at the latest.

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