Interim Report January – March 2005

- A continued weak market has affected the result negatively during the first quarter. - Net group turnover amounted to MSEK 326.0 (MSEK 385.1). - Result after tax reported as MSEK -32.6 (-6.9). - Result per share was reported as SEK -3.94 (-0.83). - Re-financing of the KLIPPAN group. - On 16 March 2005, the Board decided to start negotiations in accordance with the law concerning the right to co-determination at work, with the aim of closing down paper manufacturing at Mölndal Mill. - The new MD and group CEO Thomas Billing took up his appointment on 1 March 2005. For further information, please contact Thomas Billing, Managing Director, on tel +46 (0)771-11 00 00 or Anders Ljunge, Finance Director on tel +46 (0)435-291 64.