Jefferson Smurfit Group owns more than 55 percent of Munksjö

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Jefferson Smurfit Group owns more than 55 percent of Munksjö Following Jefferson Smurfit Group's increased offer to the shareholders in Munksjö of SEK 85 in cash for each share in Munksjö, Smurfit Holdings AB ("Smurfit") has acquired shares in the market. Including those already owned prior to the offer, Smurfit now owns in excess of 55 percent of the shares in Munksjö. Stockholm, Sweden, 15 March 2002 Smurfit Holdings AB For further information: Gary McGann, COO telephone +353 1 202 7000 Jefferson Smurfit Group plc Ian Curley, CFO telephone +353 1 202 7000 Jefferson Smurfit Group plc Mary Finan telephone +353 1 669 0030 WH PR Advisers Alfred Berg and UBS Warburg Ltd. are financial advisers to Smurfit in connection with the offer to the holders of shares and convertible loan notes in Munksjö. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/15/20020315BIT00790/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/15/20020315BIT00790/wkr0002.pdf

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