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 reconstruction is further commented in the reconstructor’s report. See appendix. • On 17 June 2005, the Board decided to close down paper manufacturing at Mölndal Mill. Provision for closing-down costs of MSEK 101.0 has been made in the interim result. The closing-down is proceeding according to plan. The reservation för provision costs is further commented in the reconstructor’s report. See appendix. For further information, please contact Thomas Billing, Managing Director, on tel +46 (0) 435 291 01, Anders Ljunge, Finance Director, on tel +46 (0)435-291 64 or the Reconstructor Lawyer Guy Lofalk on tel +46 (0)8 22 09 00.