Extraordinary general meeting in Pergo AB

EXTRAORDINARY GENERAL MEETING IN PERGO AB * The General Meeting approved the Board of Directors' resolution on a new shares issue with preferential right for the Shareholders * Mikael Nachemson was elected new member of the Board of Directors At an Extraordinary General Meeting in Pergo AB today it was decided to approve the Board of Directors' resolution to increase the share capital of the company with a maximum of SEK 357,948,600 by issuing a maximum of 35,794,860 shares, each share with a nominal value of SEK 10. The background for the new shares issue is that the company's financial situation was weakened primarily during the latter part of 2001. This was due to a weak profitability development caused by high cost level and a late shift to new production technology as well as high costs of a non-recurring nature, including restructuring costs concerning the action program which is currently being implemented. In combination with unexpected inventory cutbacks and extended terms of credit by some of the company's largest customers, this led to a critical liquidity situation during December 2001. The Shareholders shall have preferential right to subscribe for the new shares, whereby each share in possession will grant a right to subscribe for two new shares at an issue price of SEK 11 per share. Subscription of shares with preferential right shall be made as from the 15th of February 2002 to the 1st of March 2002. Subscription shall be made by simultaneous cash payment. Record day for the participation in the new issue of shares is the 12th of February 2002. The company has sent out a prospectus regarding the new share issue in the turn of January 2002. Mikael Nachemson was elected as new Member of the Board. Mikael Nachemson is the Managing Director of AB Custos and member of the Board in AB Custos, Acando AB and C.Tybring-Gjedde ASA (Norway). Trelleborg February 7, 2002 Pergo AB (publ) Corporate Communications The Board of Directors For further information, please contact Chairman of the Board, Mr Christer Gardell, telephone number +46 8 54 56 75 57. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/07/20020207BIT01200/bit0002.doc http://www.waymaker.net/bitonline/2002/02/07/20020207BIT01200/bit0002.pdf