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Publishing dates for financial information 2006

The publishing dates for financial information 2006 from KLIPPAN AB are as follows: Wednesday 22 February Year-end report 2005 Wednesday 26 April Interim report January-March 2006 Annual Shareholders Meeting at 16.00 hrs Wednesday 23 August Interim Report January-June 2006 Wednesday 25 October Interim report January-September 2006 KLIPPAN AB Thomas Billing President/CEO For further information please contact Thomas Billing, tel +46 (0)435-291 01. KLIPPAN is a leading producer of speciality graphic papers and operates three paper mills with a combined capacity of 200,000 tons per annum. The

KLIPPAN’S COMPOSITION HAS COME INTO FORCE AND THE NEW SHARE ISSUE IS CARRIED OUT

KLIPPAN AB’s and KLIPPAN Mölndal AB’s proposed compositions were ratified on 3 and 4 November respectively through decisions by the Helsingborg and Mölndal District Courts respectively. These decisions have now come into force. The previously decided upon but delayed new share issue for some MSEK 200 has become fully guaranteed during the reconstruction. However, one condition for the guarantee was the ratification of the composition by the District Courts and the decisions coming into force, as has occurred as per above. This therefore means that KLIPPAN during December 2005 will be able

Publication of prospectus, KLIPPAN AB (publ)

The board of KLIPPAN AB (publ) has issued a prospectus relating to a new share issue with priority right. The prospectus is available in its entirety from the company as from 1 December 2005 at the address: KLIPPAN AB, SE-264 23 Klippan, Sweden, tel +46 (0)771-11 00 00 and from Nordea Corporate Finance H115, Hamngatan 10, SE-105 71 Stockholm, Sweden, tel +46 (0)8-614 87 80. KLIPPAN AB (publ) The board For further information, please contact Thomas Billing, MD, on telephone +46 (0)435 291 93 or mobile +46 (0)705 85 08 98.

Extraordinary general meeting for KLIPPAN

At an extraordinary general meeting for KLIPPAN AB, five new board members and three new members of the company’s nomination committee were elected. Johan Hessius, Stockholm, born 1958, was elected chairman of the board. Hessius is an attorney and partner of Advokatfirman Lindahl. He is chairman of the board of Fastighets AB Sollenta and Bullandö Marina AB as well as member of the board of Holm & Co AB and Advokatfirman Lindahl KB. Peter Eriksson, Lidingö, born 1955. Eriksson is a graduate business administrator/MBA and member of the board of Intersources N.V. Belgium, Web Trade Systems

KLIPPAN SETS THE CONDITIONS FOR THE NEW ISSUE

This message may not be published, distributed or transferred in or to the USA, Canada, Australia, New Zealand or Japan. The message is not aimed at persons whose participation in the priority right share issue requires further information or registration measures or other measures in addition to what is required according to Swedish law. Copies of this press release, the prospectus and other documentation drawn up as a result of the priority right share issue will not and may not be sent by post or in any other way be distributed or sent in or to such countries and, if so should happen,

Interim report 1 January – 30 September 2005

• Net group turnover amounted to MSEK 935.8 (MSEK 1,048.1) • Result after tax amounted to MSEK -217.5 (-49.6) • The operating result is reported as MSEK 239.7 (-54.1), of which items affecting comparison amounted to MSEK -113.4. • Result per share is reported as SEK -26.31 (-6.00) • The closing down of paper manufacturing at Mölndal is proceeding according to plan, and will cease during December 2005. • The new share issued decided upon will be carried out during December 2005. • The new share issue of MSEK 198.4 is guaranteed in its entirety. • The District Courts confirmed the composition

KLIPPAN AB – Composition proposal to KLIPPAN group creditors

In an earlier press release dated 29 August 2005, the KLIPPAN group informed about the composition proposal to be made to the creditors of KLIPPAN AB and Klippan Mölndal AB. The enclosed composition proposal differs from the previously communicated composition proposal dated 29 August 2005 in that the payment of the composition amount will be made earlier. KLIPPAN AB and Klippan Mölndal AB will pay as full compensation 37 percent of the capital amount of the claims covered by the composition. Payment of 25 percent of the capital amount will be made on 31 March 2006 on condition that the

Change in ownership of KLIPPAN AB

Jan Bernander and Stefan Lersten have sold 1 million shares in KLIPPAN AB to Nove Capital and associated companies. After this, Weland AB owns some 17 percent of the capital and votes, while Nove Capital and associated companies own some 12 percent and Jan Bernander and Stefan Lersten some 12 percent. Issue guarantee KLIPPAN AB has received an offer from Nove Capital of a guarantee for a further MSEK 38.2 relating to the planned new share issue. The guarantee would ensure that a fully guaranteed share issue of MSEK 200, in accordance with the decision made by the annual general meeting, can

KLIPPAN AB – Guarantee for new share issue

Nordea Bank and Weland AB are guaranteeing the new share issue for KLIPPAN AB, each with 50 percent, up to MSEK 161.2. The guarantee is conditional upon the settlement proposals made by the Board of 37 percent being approved by the District Courts in Helsingborg and Malmö. The share issue with issue conditions will be decided upon once a settlement has been approved. In conjunction with the guarantee, the current main owners Jan Bernander and Stefan Lersten have transferred 1 million shares to Weland AB. Weland thereupon holds some 17 percent of the shares, and the current main owners some

KLIPPAN AB – Settlement Proposal

SETTLEMENT PROPOSAL FOR KLIPPAN AB The following settlement proposal has been approved by KLIPPAN AB’s largest creditors, among them, the Södra Group. 1. KLIPPAN AB makes as full payment 37% of the capital sum of the accounts payable covered by the settlement. Interest on the capital sum is not paid. 2. Disbursement of 25% of the capital sum will be made on 31 July 2006, provided that the settlement has been accepted. 3. Disbursement of the outstanding 12% of the capital sum will be made on 31 July 2007, provided that the settlement has been accepted. 4. No security is provided for the

Interim report 1 January – 30 June 2005

• Net group turnover amounted to MSEK 662.7 (MSEK 741.9) • Result after tax amounted to MSEK -154.7 (-19.8), of which -108.1 related to items affecting comparability. • Operating profit amounted to MSEK -178.9 (-18.1), of which -108.1 related to items affecting comparability. • Result per share is reported as SEK -18.71 (-2.40) • On 2 June 2005, the Board decided to apply for a company reconstruction and KLIPPAN is now being reconstructed. KLIPPAN AB and Klippan Mölndal AB has applied to the District Courts in Helsingborg and Mölndal for continued reconstruction until December 2nd 2005. The

Decision to continue the reconstruction of KLIPPAN AB

On today’s creditors meeting at the District Court in Helsingborg it was decided to continue the reconstruction of KLIPPAN AB. Concerning Klippan Mölndal AB the decision to continue the reconstruction has been made earlier. The creditors support the decision of reconstruction of both KLIPPAN AB and Klippan Mölndal AB. Concerning the measures carried out within the KLIPPAN group a strong support is expressed by the creditors. A creditors committee has been created for the creditors of KLIPPAN AB and Klippan Mölndal AB with representatives from suppliers, the bank and the employees, aiming to

Klippan Mölndal AB gives notice to 250 employees

As part of the reconstruction of Klippan Mölndal AB, the company has today implemented the previously reported intention to give notice of termination to some 250 employees at the production plant in Mölndal. The terminations are a result of the decision to close down the paper manufacturing and in the future only carry out contract sheet cutting of board and storage operations in Mölndal. Today, negotiations in accordance with the law of self-determination at work were concluded between Klippan Mölndal AB and the unions regarding terminations arising from the company’s plans for

KLIPPAN AB applies for company reconstruction

The board of directors today has filed an application for court protection and company reconstruction of KLIPPAN AB and Klippan Mölndal AB. The reason behind the decision is the financial and liquidity constraints at the present time within the Group. The reconstruction period is normally 3 months, and the purpose is to refinance the Group. The planned new share issue will be postponed until after the reconstruction period. Company reconstruction KLIPPAN’s board of directors has in its application for reconstructor proposed the lawyer Guy Lofalk from the law firm Hellström & Partners. If

KLIPPAN AB

The Board of KLIPPAN AB has today reached a decision about a new share issue, supported by the authorization of the annual general meeting on 9 May 2005. Please see the press release issued today for the terms of the new share issue. The Board is working actively on solving the current liquidity situation. The positive development of the order inflow during April has continued during May. The improved capacity utilization has thus resulted in no stoppage days during April and May. Negotiations in accordance with the law concerning self determination at work aimed at closing down paper

KLIPPAN SETS THE CONDITIONS FOR NEW ISSUE

This message may not be published, distributed or forwarded in or to the USA, Canada, Australia, New Zealand or Japan. The message is not aimed at people whose participation in the priority right issue requires further information or registration measures or other measures in addition to what is required according to Swedish law. Copies of this press release, the prospectus and other documents drawn up due to the priority right issue will not and may not be sent by post or in any other way be distributed or sent in or to such countries and, if this should happen, application forms from such

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