Pergo writes down the value of its Witex shares

Pergo writes down the value of its Witex shares The Pergo Board of Directors has decided to make a complete write-down of the value of its shareholding of 25.1 percent in Witex. This is due to the preliminary bankruptcy of Witex AG. Due to liquidity problems during the spring, Witex AG has through its own petition been declared in preliminary bankruptcy in Germany. The company will until further notice be run by an administrator, appointed by a German court of law. The administrator will investigate possible alternative solutions for the company. The book value of the Witex shares amounted to SEK 135 M as of March 31, 2003. The write-down amounts to approximately SEK 130 M after the second quarter's result from participation in associated company Witex has been considered. The equity ratio of Pergo, which amounted to 69 % as of March 31, 2003, will be negatively influenced with about 2 percentage units following the write-down. Besides the write-down of shares, the result for the second quarter is estimated to be negatively influenced by costs of more than SEK 20 M, connected to the acquisition process of Witex. This will, in aggregate, affect the Pergo result with slightly more than SEK -155 M for the second quarter, of which about SEK -150 M is non-recurring. Trelleborg 2003-06-16 Pergo AB Corporate Communication For further information, please contact: CEO - Raimo Issal, phone number +46 410 36 31 00 CFO - Annette Kumlien, phone number +46 410 36 31 00 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/06/16/20030616BIT00570/wkr0001.doc http://www.waymaker.net/bitonline/2003/06/16/20030616BIT00570/wkr0002.pdf