Lars Westerberg to leave Gränges

Lars Westerberg to leave Gränges Lars Westerberg, CEO of Gränges since late 1994, has accepted the offer to become President and CEO of Autoliv. Lars Westerberg will assume his new positions during spring 1999. The work to find a new CEO of Gränges is proceeding. During the last years, Gränges has gone through significant changes. The company has developed from being a subsidiary within Electrolux with a diverse business portfolio into being an independent listed company focused on high value-added products based on aluminium and plastics. - We wish Lars Westerberg all the best and thank him for his good work, says Leif Johansson, Chairman of the Board in Gränges. We are now focusing on finding a new CEO of Gränges, an industrial group today streamlined, well focused and with good opportunities for development. For further questions please contact Cecilia Lager, Investor Relations & Communication, tel +46 8 459 5941. Gränges is an international industrial group focused on value-added products based on aluminium and plastics. The products range from extrusions, heat transfer material and foil to components and systems in plastics to the transport industry. The group is one of Europe leading companies within its field with customers in the transport, enginee-ring, construction and packaging industries. Gränges is quoted on the OM Stockholm Exchange "O- list". Visit Gränges web site on the Internet: www.graenges.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/11/12/19981112BIT00050/bit0001.doc http://www.bit.se/bitonline/1998/11/12/19981112BIT00050/bit0002.pdf