Distribution of the shares in Meto to Esselte's shareholders

Distribution of the shares in Meto to Esselte's shareholders and listing of the shares on the O-list of the Stockholm Stock Exchange The Annual General Meeting of Esselte AB (publ) ("Esselte") decided on April 21, 1999, to distribute all the shares in the subsidiary Meto AG ("Meto") to Esselte's shareholders in proportion to their shareholdings in Esselte. One share in Meto will be received for each share held in Esselte. Meto has applied for a listing of the Company's shares on the O-list of the Stockholm Stock Exchange. On May 21, 1999, the Stockholm Stock Exchange's Company Committee decided to accept the Company's shares for such listing on the O-list. The listing is expected to become effective on June 17, 1999. The shares in Meto will be listed on the Stockholm Stock Exchange in SEK and in EUR. Time table June 2 Listing prospectus with further information is expected to become available. June 9 Last date for trading in Esselte's shares with the right to receive shares in Meto. June 14 Record date for receiving shares in Meto. June 17 Anticipated listing of the Meto share on the O-list of the Stockholm Stock Exchange. Alfred Berg, Deutsche Bank and Commerzbank are advisors to Esselte and Meto in conjunction with the distribution and the listing. Esselte AB (publ) Meto AG For further information Esselte AB (publ) Bengt Wikander, Senior Vice President Corporate Communications. Phone: +46-8 545 219 00 (switchboard), +46-8 545 219 04 (direct) or +46-708 92 24 31. Meto AG Hans Swahn, President and CEO. Phone: +49-6252-703 302. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/28/19990528BIT00310/bit0001.pdf http://www.bit.se/bitonline/1999/05/28/19990528BIT00310/bit0002.doc