NEW PRESIDENT OF NORTH AMERICAN HÖGANÄS, INC.

As of 1 June 2006 Mr Avinash Gore will take up the position as President of Höganäs' North American operations. Mr Gore has worked for Höganäs since 2002 as Managing Director of Höganäs India Ltd. He joined Höganäs after a career in Alfa Laval where he held several international management positions.

Mr Sten-Åke Kvist will leave his present position as President of North American Höganäs, Inc. and work with special assignments to develop and grow Höganäs global business. He will continue as Senior Vice President of Höganäs AB.

Höganäs, Sweden, 8 May 2006