KLIPPAN AB - New managing director

The board of KLIPPAN AB has today appointed Thomas Billing as managing director and group CEO. Billing, who is 57 years old, has been group CEO for the Stenqvist group for 16 years. He will replace the current managing director Ragnar Quarnström during the second quarter of 2005. KLIPPAN AB [removed graphics] Jan Bernander Chairman For further information, please contact Jan Bernander, chairman of the board, tel +46(0)70-855 64 00.