Over 44 per cent support for Karlshamns AB convertible loan programme

Over 44 per cent support for Karlshamns AB convertible loan programme The subscription for Karlshamns convertible debt instruments has now been concluded among the company's staff in Sweden, the United Kingdom and the Netherlands. "Support for our convertible loan programme surpassed our expectations, which is a strong indication of the confidence in the future of the Karlshamns Group among our staff" says Stefan Sjölin, Karlshamns CFO. The convertible loan amounts to approximately SEK 75 million. The conversion rate was fixed at SEK100, and the debt instruments may be converted into shares in Karlshamns from 10 May 2005 to 10 May 2007. Convertible debt instruments were subscribed for by 324 of the Group's total of around 730 employees in the three countries, or 44 percent. Of the total number of debt instruments offered for subscription, slightly more than 81 per cent were subscribed for. Dilution effect at full conversion will be approximately 3.5 per cent of the total share capital and voting rights. For further information, kindly contact Stefan Sjölin, CFO, tel +46 (0)454 82 601 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/13/20020613BIT00610/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/13/20020613BIT00610/wkr0002.pdf