Interim report January-March 2010

SEKm Quarter Full year 1-10 4-09 1-09 2009 Net turnover 4 400 4 659 4 529 18 071 Operating profit 320 392 415 1 620 Profit after tax 178 225 245 1 006 Earnings per share, SEK 2.1 2.7 2.9 12.0 Return on equity, % 4.3 5.5 6.4 6.4 - Profit after tax for January—March 2010 was SEK 178 million (January—March 2009: SEK 245 million). - Earnings per share were SEK 2.1 (2.9). Return on equity totalled 4.3 per cent (6.4). - Operating profit amounted to SEK 320 million (415). Holmen Paper’s profit deteriorated considerably as a result of lower newsprint prices. Profitability in the Group’s other business areas improved. Compared to the result for the fourth quarter, profit was down by SEK 72 million. - Demand for newsprint in Europe remained weak in the first quarter. The virgin fibre board market improved and deliveries from European producers to Europe rose by 7 per cent. For further information please contact: Magnus Hall, President and CEO, tel. +46 8 666 21 05 Anders Jernhall, CFO, tel. +46 8 666 21 22 Ingela Carlsson, Public Relations Director, tel. +46 70 212 97 12