SCA declines to make an offer for Gescartao, the Portuguese packaging company

SCA declines to make an offer for Gescartão, the Portuguese packaging company Referring to questions from analysts and the media, SCA is making the following statement: SCA has chosen not to make an offer for Gescartão, the Portuguese packaging company, in connection with the ongoing privatisation process. Binding bids were requested for 2 November. The reasons for SCA's position include an increased exposure to paper production primarily as the binding bid is conditional upon the instalment of significant additional testliner capacity. Stockholm 2 November 1999 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Corporate Communications For further information please contact: Sverker Martin-Löf, President and CEO. Tel +46 8 788 51 51 or Sten Lindholm, Senior VP, Corporate Communications. Tel +46 8 788 51 62 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/11/02/19991102BIT00590/bit0001.doc http://www.bit.se/bitonline/1999/11/02/19991102BIT00590/bit0002.pdf

About Us

The core of SCA’s business is the forest, 2.6 million hectares in northern Sweden. Around this unique resource, we have built a well-developed value chain based on renewable raw material from our own and others’ forests. We offer paper for packaging and print, pulp, wood products, renewable energy, services for forest owners and efficient transport solutions. 2016 the forest products company SCA had approximately 4,000 employees and sales amounted to approximately SEK 15,4 bn (EUR 1,6 bn). SCA was founded in 1929 and has its headquarters in Sundsvall, Sweden. More information at www.sca.com.

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