Billerud has signed a new finance agreement

Billerud has signed a new finance agreement Billerud has signed a new 5 year SEK 1,200 million Multi-Currency Revolving Credit Facility (the "Facility") with SEB Merchant Banking as Mandated Lead Arranger. The Facility will be used to refinance Billerud's existing SEK 2,200 million revolving credit facility. This new facility will lower the borrowing costs for Billerud by about 0.3 percentage points compared with existing facility. The following core relationship banks of Billerud have committed to the Facility: Mandated Lead Arranger: SEB Merchant Banking Arrangers: Danske Bank Nordea Svenska Handelsbanken Stockholm 25 March 2004 Billerud AB (publ) Bert Östlund President & CEO For further information please contact: Kerstin Rendahl, Group Treasurer, Tel: +46 8 553 33 509 Torbjörn Jansson, SEB Merchant Banking, Tel: +46 8 506 23233 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/25/20040325BIT00440/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/25/20040325BIT00440/wkr0002.pdf

About Us

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4500 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 24 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

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