New Managing Director in Orrefors Kosta Boda

Håkan Cöster, Managing Director in Orrefors Kosta Boda AB, has, because of the change in ownership, decided to leave his position as Managing Director in the company. As new Managing Director in the company has Magnus Andersson been appointed, who is Managing Director in New Wave Group’s subsidiary Sagaform AB. ”It is my full conviction that the change in ownership in Orrefors Kosta Boda is a positive change, where there are many potential synergies, but when there also requires new powerful cost-actions, have I come to the conclusion that I am not the right man to lead the company through the period. My heart I with the company and I will follow it during many years forward.” – says Håkan Cöster. Orrefors 14 June 2005 New Wave Group AB (publ) Göran Härstedt dCEO For further information contact: Torsten Jansson CEO in New Wave Group Tele: +46-708-998050, +46-303-246501 Göran Härstedt dCEO in New Wave Group Tele: +46-708-998017, +46-303-246502