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The applications for de-listing have been approved

Press Release from Esselte AB 2002-07-26 J.W. Childs Acquisition Sweden AB announced on July 11, 2002 that the conditions for the public tender offer of all shares of Esselte AB (publ) have been met and that the offer will be executed. Due to the public tender offer, the Board of Directors of Esselte AB (publ) applied to Stockholmsbörsen (the Stockholm Exchange) and to the United Kingdom Listing Authority (UKLA) and the London Stock Exchange for de-listing of the Esselte shares from Stockholmsbörsen, the Official List of the UKLA and from trading on the London Stock Exchange. The

Report on operations for the six months ended June 30, 2002

Report on operations for the six months ended June 30, 2002 Improvement in net income for the second quarter due to lower restructuring costs and reduced financial expenses · Gross margin improved 1.0% to 29.7% compared to the second quarter last year · Operating income excluding items affecting comparability increased by 18% to SEK 60 million (51) despite weak markets · Restructuring costs were SEK 47 million compared to SEK 196 million last year · Financial expenses were reduced by SEK 43 million to SEK 22 million · Net income was SEK -5 million, compared to SEK -126 million last year · J.

Notice to attend the Extra General Meeting

Notice to attend the Extra General Meeting The shareholders in Esselte AB (publ) are hereby convened to the Extra General Meeting to be held on 1 August, 2002 at 16.00 CET at the office of Esselte AB, Hörsalen, Sundbybergsvägen 1, Solna, Sweden. PARTICIPATION In order to be eligible to participate in the Extra General Meeting each shareholder must (i) be recorded on 22 July 2002 in the company's share register held by VPC AB, and (ii) notify the company on his/her intention to participate in the Extra General Meeting not later than at 16.00 CET on 26 July, 2002. Shareholders with shares

Esselte announce aggressive growth strategy after acquisition by J.W. Childs

Esselte announce aggressive growth strategy after acquisition by J.W. Childs Following the announcement on July 11, 2002 from the private equity investment firm J.W. Childs, that it has decided to implement its public offer to the shareholders of Esselte, the "new" Esselte announced plans for aggressive growth. The purchase price for Esselte was SEK 90 per share, equivalent to SEK 3,100 million (appr. $330 million). Following the completion of the acquisition, Magnus Nicolin will be appointed President and CEO of the new Esselte. Until 2001 he worked as the Executive Vice President of

Esselte applies for de-listing

Esselte applies for de-listing J.W. Childs Acquisition Sweden AB announced on July 11, 2002 that the conditions for the public tender offer of all shares of Esselte AB (publ) have been met and that the offer will be executed. Due to the public tender offer, Esselte AB (publ) has announced that the Board of Directors of Esselte AB (publ) has applied to Stockholmsbörsen (the Stockholm Exchange) and will apply to the United Kingdom Listing Authority (UKLA) and the London Stock Exchange for de-listing of the Esselte shares from Stockholmsbörsen, the Official List of the UKLA and from trading on

Esselte transfers production from Denmark to Poland

Esselte transfers production from Denmark to Poland. Esselte has decided to transfer the remaining production in Randers, Denmark to Esselte's plant in Poland as soon as possible. It is not possible to maintain a cost efficient production in Denmark in comparison with competition and other Esselte manufacturing units. As earlier announced, the extension of the Polish plant was finalised at the end of last year and this unit continues to play a larger role in the European manufacturing operations. These actions form part of the earlier announced streamlining of the supply chain in Europe by

Statement of the Board of Directors of Esselte AB

Statement of the Board of Directors of Esselte AB The Board of Directors of Esselte AB ("Esselte") has evaluated the public offer made to the shareholders of Esselte of SEK 90 per share in cash announced by J.W. Childs Equity Partners III, L.P. ("J.W. Childs") today. The Board of Directors of Esselte has been involved in discussions for some time with J.W. Childs regarding today's announced public offer to the shareholders of Esselte. The Board of Directors of Esselte has evaluated the terms and conditions for the offer. The evaluation brings the Board of Directors of Esselte to make the

Esselte modernises its manufacturing in Stuttgart

Esselte modernises its manufacturing in Stuttgart Esselte invests approximately SEK 25 million in modernising its manufacturing in Stuttgart. This investment facilitates a simpler production flow leading to substantial savings in direct costs. The simplification of production also means an opportunity for indirect cost savings via a reduction of the infrastructure at the German unit. In total, approximately 220 employees will be affected. Consultations with the "Betriebsrat" according to German practice, have been initiated. The cost for these planned measures is calculated at approximately

Acting CEO

Ulrik Svensson appointed acting CEO from 15th May 2002 Ulrik Svensson, at present CFO in Esselte, has been appointed acting CEO from the 15th May when Anders Igel will leave his post as CEO. Between the 15th May and 30th June Anders Igel will be at the disposal of Esselte to assist Ulrik Svensson. At the same time he will be engaged in the preparation work prior to the planned merger between Telia and Sonera. The board of Esselte has, as earlier announced, initiated the search for a new CEO. Kurt Jofs Chairman Esselte is the leading global office supplies manufacturer with annual sales of

Highlights of Esselte's 2002 Annual General Meeting

Highlights of Esselte's 2002 Annual General Meeting The proposed dividend of SEK 1.00 per share was approved Board The Annual General Meeting elected the following Board members; Fritz Fröhlich, Kurt Jofs, Bo Jungner, Björn Larsson and Brian Stern were all re-elected. Bengt Lindahl, President and CEO Ovako Steel AB, was elected as a new member. Anders Igel and Sven Ohlsson declined re-election. At the Board meeting following the election, Kurt Jofs was elected Chairman of the Board. Esselte is the leading global office supplies manufacturer with annual sales of approx. SEK 11 billion,

Report on operations for the three months ended March 31, 2002

Report on operations for the three months ended March 31, 2002 Increase in net income due to significantly reduced financial expenses. · Operating income SEK 174 million (174) remained stable despite weak demand · Financial expenses reduced by SEK 54 million · Net Income was SEK 85 million (53), an increase of 60% · Improved cash flow from operations SEK 179 million (116), enabling further debt reduction · Demand continues to be weak in the two largest markets "It is very satisfying to see that our efforts to reduce debt are now visible in the form of substantially reduced financial

Proposals for members of the Directors of the Board and remuneration for the Directors of the Board

Proposals for members of the Directors of the Board and remuneration for the Directors of the Board As previously announced Anders Igel will leave his position as President and CEO of Esselte on 30th September 2002 at the latest. For this reason the major shareholders of the company has announced they will propose to the Annual General Meeting on 24th April that the Directors of the Board, until the Annual General Meeting 2003, will consist of six members. Proposed Directors of the Board are: Fritz Fröhlich (re- election), Kurt Jofs (re- election), Bo Jungner (re- election), Björn Larsson (

CEO Anders Igel is leaving Esselte to become CEO of Telia AB

CEO Anders Igel is leaving Esselte to become CEO of Telia AB · Esselte's CEO Anders Igel has decided to leave Esselte to become the new CEO of Telia AB. · The date for Anders Igel's departure will be September 30th at the latest. · The board of Esselte has initiated the search for a new CEO. Sven Ohlsson Chairman Esselte is the leading global office supplies manufacturer with annual sales of approx. SEK 11 billion, subsidiaries in 26 countries, selling office products in over 120 countries and employing approx. 6,500 people. Esselte brings innovation, efficiency and style to the way people

Notice to attend the Annual General Meeting

NOTICE TO ATTEND THE ANNUAL GENERAL MEETING The shareholders in Esselte AB (publ) are hereby convened to the Annual General Meeting to be held on 24 April, 2002 at 16.00 CET at the World Trade Center, Klarabergsviadukten 70, Stockholm, Sweden. PARTICIPATION In order to be eligible to participate in the Annual General Meeting each shareholder must (i) be recorded on 12 April 2002 in the company's share register held by VPC AB, and (ii) notify the company on his/her intention to participate in the Annual General Meeting not later than at 16.00 CET on 18 April, 2002. Shareholders with shares

Definitive report on 2001 operations

Definitive Report On 2001 Operations · No significant changes compared to the preliminary report on 2001 operations. · Proposed dividend SEK 1.00 per share. Definitive report Esselte's Board of Directors has adopted the audited financial statements for the fiscal year 2001. No significant changes have been reported compared to the preliminary report on 2001 operations. Dividend The Board of Directors proposes a cash dividend of SEK 1.00 (2.00) per share for 2001. Annual General Meeting The Annual General Meeting will be held at the World Trade Center in Stockholm at 4 pm on Wednesday, April

Preliminary Report on 2001 Operations

Preliminary Report on 2001 Operations Stable operating income and strong improvement in cash flow, despite market slowdown * Operating income excluding items affecting comparability SEK 442 million (455). * Weakened sales compensated by increased gross margin 28.3% (27.5%) by more balanced pricing and supply chain improvements * Cash flow from operations improved to SEK 1,141 million (744) for the full year, making it possible to reduce debt. * Inventories reduced by approx. SEK 600 million. The program continues. * Restructuring costs of SEK 196 million related to computer accessories (

Innovative new products from Esselte

Innovative new products from Esselte Esselte introduces a new range of staplers, among those the LEITZ 5530 electric stapler, the first electric stapler ever sold by Esselte. With a three-year guarantee, this battery-operated device is quick and clean with an integrated staple remover. The introduction of the LEITZ 5530 electric stapler also represents an extension of the already impressive LEITZ product range offered by Esselte. Another new innovative product from Esselte is the DYMO LabelPoint 100. This product is a pocket-sized electronic labelling system particularly suitable for

Financial Reports from Esselte in 2002

Financial Reports from Esselte in 2002 The following financial reports will be released in 2002: * January 24: Preliminary report on 2001 operations * February 20: Definitive report on 2001 operations * April 24: Report on operations for the three months ended March 31 * July 19: Report on operations for the six months ended June 30 * October 21: Report on operations for the nine months ended September 30 Esselte is the leading global office supplies manufacturer with annual sales exceeding SEK 11 billion, subsidiaries in 31 countries, selling office products in over 120 countries and

Esselte divests Tarifold

Esselte divests Tarifold Esselte divests Tarifold to French financial investors led by Finances & Stratégies, in association with the management of Tarifold. Tarifold is a worldwide leader in information display and paperwork organization systems and its products are sold internationally from offices in France and the USA. The divestment of Tarifold will give Esselte a pre-tax capital gain of approximately SEK 90 million. "Whilst Tarifold is a leader in its field, the divestment is in line with Esselte's strategy of focusing on its core office supplies product categories" comments Anders

Report on operations for the nine months ended September 30, 2001

Report on operations for the nine months ended September 30, 2001 Strong improvement in operating cash flow in the third quarter · Cash flow from operations was SEK 374 million (38) in the third quarter. · Debt reduction of SEK 224 million due to lower inventories. · Operating income in the third quarter was SEK 57 million (56) despite weakening markets. "It is very satisfying to see the results of our hard work on inventory reduction in the form of a substantially better operating cash flow. We have also been able to improve our operating income excluding restructuring costs somewhat for

Report on operations for the six months ended June 30, 2001

Press Release from Esselte AB 2001-07-20 Report on operations for the six months ended June 30, 2001 Operating income increased excluding restructuring costs related to computer accessories business. · Operating income excluding items affecting comparability increased by 10% from SEK 205 million to SEK 225 million. · Restructuring costs of SEK -196 million related to computer accessories (Curtis). · Sales growth in the Nordic region and Eastern Europe over the six months. · Continued weak US sales and weakened demand in many European countries during the second quarter. "We have been hit

Manufacturing in Mexico

Manufacturing in Mexico There have been statements in a Swedish newspaper that Esselte have used a manufacturing subcontractor in Tijuana, Mexico, that have carried out pregnancy testing on women. It has also been said in the same paper that one of Esselte's Swedish investors, 7:e AP-fonden, have the intention to sell their Esselte shares due to the unethical aspect of such a procedure. Esselte can confirm that pregnancy testing did occur with that subcontractor. Esselte have no financial holding in the subcontractor. During 2000 Esselte decided to stop the subcontracting and instead start

Esselte divests Letraset

Esselte divests Letraset Esselte divests its Graphic Art Business Letraset to a newly formed company, Letraset Ltd, a UK company owned by a Management Consortium. Letraset manufactures and distributes a broad range of products for the creative professional, including the Pantone Matching System. The divestment of Letraset will neither incur a significant capital gain nor a loss for Esselte. "Letraset products are well renowned within the graphic arts field. The divestment is in line with Esselte's strategy of focusing on its core office supplies product categories. Letraset will find a more

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