Interim Report January-September 2004, Setra Group

Setra Group AB (publ) is Sweden’s largest wood products company with annual sales totalling approximately SEK 5,500 million and some 1,450 employees. The Group is divided into two business areas: Setra Sawn Products and Setra Wood Products.

Setra Sawn Products comprises 12 sawmills with an annual production of approximately 2.3 million cubic metres. External sales amount to approximately SEK 4,100 million. About 35% of annual volume is sold in the Swedish market. Exports are primarily to the UK, Denmark, Germany, Spain, France, Norway, Italy and Japan. Setra Wood Products comprises five production units and eight distribution units. Annual sales total approximately SEK 1,400 million.

Setra Group AB has approximately 2,400 shareholders. The largest shareholders are Sveaskog AB with 50%, Lantbrukarnas Ekonomi AB (LRF) with approximately 25% and Skogsägarna Mellanskog ekonomisk förening with approximately 24%. Other shareholders own approximately 1% of the shares.