Notice of Annual General Meeting

NOTICE OF ANNUAL GENERAL MEETING FOR KLIPPAN AB (publ) The shareholders in KLIPPAN AB, organization No 556360-1821, are invited to the annual general meeting to be held on Thursday 25 April 2002 at 4 pm at Flustret, Storgatan 83, Lessebo. Entitlement to participate Shareholders who are both entered in the shareholder list held by VPC AB on Monday 15 April 2002 and who have notified the company of their intention to participate in the meeting at the latest by 12 noon on Friday 19 April 2002 are entitled to participate in the annual general meeting. Notice Written notice may be sent to the address KLIPPAN AB, Attention Beryl Sten, SE-264 23 Klippan, Sweden. Notice may also be given by telephone to Beryl Sten, +46(0)435-292 03, alternatively via the switchboard, +46(0)771 11 00 00 or by fax +46(0)435-109 92 or by e-mail: beryl.sten@klippan-paper.se The notice should state name, personal or organization number, address, telephone number and registered shareholding. Notice of any proxy participant should be given at the same time. Only owner-registered shareholdings are shown under the shareholder's name in the shareholder list. Nominee shareholders must temporarily re- register their shares in their own names with VPC by Monday 15 April 2002 at the latest to enable them to participate in the annual general meeting. Such requests should be made in good time to the manager of the shares. PROPOSED AGENDA 1. Opening of the meeting 2. Election of chairman for the meeting 3. Drawing up and approval of voting list 4. Approval of the Board's proposed agenda 5. Election of one or two minute checkers 6. Consideration of whether proper notice of the annual general meeting has been given 7. President's speech 8. Presentation of the annual accounts and audit report as well as group accounts and group audit report 9. Decisions regarding: a) adoption of the income statement and balance sheet and the group income statement and group balance sheet b) appropriation of the company's profit or loss according to the adopted balance sheet Dividend Proposal: Dividend for 2001 of SEK 1 per share to be paid to shareholders. The record day for the right to receive dividend is proposed as Tuesday 30 April 2002. Payments via VPC are expected to be effected on Monday 6 May 2002. c) discharge from liability for the Board of Directors and the President 10. Determination of the number of Board members and deputies Proposal: Board members to remain at eight in number. The number of deputies to remain at three. 11. Determination of fees for the Board and the auditors Proposal: Fees to the Board to be paid in a fixed amount of SEK 880 000, to be divided by the Board between the Board members and the deputies elected by the annual general meeting. Members/deputies employed by the company shall not be paid a fee. Fees to auditors to be paid as per invoice. 12. Election of Board Proposal: Re-election of the members Jan Bernander, Bertil Bernadotte, Ulf Ek, Björn Gillberg, Tommy Kullberg, Stefan Lersten, Lennart Låftman and Kjell Svensson. Re-election is also proposed for the deputies Gunnar Bergstrand, Alan Walker and Bengt Östensson. 13. Election of nomination committee Proposal: Re-election of the members Jan Bernander (convener), Lars-Åke Helgesson and Göran Sundström. 14. Decision regarding authorization for the Board to acquire its own shares in the company Proposal: The Board's proposal entails mainly that the Board be authorized to make a decision to acquire, before the next annual general meeting, at most so many shares that the company's holding at any time does not exceed 10 percent of all the shares in the company. The acquisition shall be made via the OM Stockholm stock exchange. The aim of the repurchase is to give the Board increased scope for action in its work of creating value for the company's shareholders. 15. Decision regarding approval of the Board's proposal regarding a new issue with priority right for the shareholders to subscribe to shares Proposal: The Board's proposal entails in short that the company's share capital shall increase by at most SEK 10,333,330 through the issue of at most 2,066,666 new shares, each with a nominal value of SEK 5. The new shares shall be issued at a price of SEK 20 per share and be subscribed to with priority for shareholders, whereby a holding of three existing shares gives entitlement to subscribe to one new share. The Board to be authorized to make a decision regarding the time limit for subscribing to shares and in conjunction with this to determine a record day for determining which shareholders are entitled to subscribe to new shares. 16. Any other business 17. Closing of the meeting The company has been informed that shareholders representing about 36% of all the votes in the company will be supporting the above proposals. Tour of Lessebo Mill In conjunction with the annual general meeting, a guided tour of Lessebo Mill will be given. The tours start at 1.30 pm and participants are asked to gather at the factory gate, Storgatan 79 in Lessebo. After the tour, light refreshments will be served at the Hand Paper Mill. Please notify your interest to participate in the tour when you give notice to attend the meeting. Klippan, March 2002 KLIPPAN AB The Board ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00910/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00910/wkr0002.pdf