New Wave Group AB (publ) strengthens its management team - New Chief Financial Officer

New Wave Group AB (publ) strengthens its management team - New Chief Financial Officer Krister Magnusson has been appointed as the new Chief Financial Officer of the New Wave group of companies. Krister Magnusson, who is 35 years old and has a degree in economics, is currently the Group Treasurer of Munksjö AB (publ). In conjunction with his appointment, Krister Magnusson has acquired 20,000 A shares of New Wave Group from Managing Director Torsten Jansson. By hiring Krister Magnusson, the New Wave Group continues to strengthen its management team, and gains a great deal of expertise in finance and economics. Krister Magnusson will assume his post next year. Borås, 15 November 2001 New Wave Group AB (publ) The board For further information, please contact: Torsten Jansson CEO Phone: +46 708-99 80 50, +46 33-22 58 55 Göran Härstedt Deputy CEO Phone: +46 708-99 80 17, +46 33-22 58 63 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/15/20011115BIT00100/bit0002.doc http://www.waymaker.net/bitonline/2001/11/15/20011115BIT00100/bit0002.pdf

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New Wave Group is a clothing company concentrating on sportswear and casual clothes.

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