New Managing Director

KLIPPAN AB - New managing director The Board of Directors of KLIPPAN AB has decided to relieve the Managing Director Bengt Östensson from his position with immediate effect. Deputy Managing Director Olle Grundberg has been appointed as acting Managing Director until November 3, 2003. Ragnar Quarnström has been appointed Managing Director with effect from November 3, 2003. Ragnar Quarnström, 55, has held various senior management positions within the forest industry and most recently as Managing Director of Becker-Acroma Ltd in the United Kingdom, a subsidiary of AB Wilh Becker. KLIPPAN AB Jan Bernander Chairman For further information please contact the Chairman of the KLIPPAN Board, Mr Jan Bernander, tel +46 70 855 64 00. KLIPPAN AB SE 264 23 Klippan Tel +44 (0)771 11 00 00, Fax +46 (0)435 109 92, www.klippan-paper.se Registered Office: Klippan, Sweden, the company is public, Org No 556 360-1821 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/23/20031023BIT01580/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/23/20031023BIT01580/wkr0002.pdf