AssiDomän begins the sale of its cartonboard operations

AssiDomän begins the sale of its cartonboard operations As a result of the ongoing strategic evaluation of AssiDomän' operations, the AssiDomän Board of Directors has made a decision to sell the Cartonboard business unit. The Board has made the assessment that Cartonboard has better prospects of achieving optimum, long-term profitability within a larger business structure outside AssiDomän. Preparations for the sale of AssiDomän Cartonboard will begin immediately. It is expected that the process of finding a new ownership solution for Cartonboard will be completed by the summer of 2000. AssiDomän Cartonboard is one of Europe's leading manufacturers of liquid packaging board and packaging board. The business unit comprises an integrated pulp and board mill operating a single board machine. Production is located in Frövi, central Sweden. Next year operations are forecast to have sales turnover of SEK 2,500 million. The board machine, which is one of the most modern in the world, has annual capacity of around 350,000 tonnes. Annual pulp capacity is around 250,000 tones. There are around 700 employees. AssiDomän AB Corporate Communications 8 December 1999 For further information, please contact: Gunnar Palme, President and CEO, Tel. +46 8 655 92 81 Berit Hallberg, Senior Vice President, Corporate Communications, Tel. +46 8 655 91 06 Frans Benson, Vice President, Business Intelligence & Investor Relations, Tel. +46 8 655 92 78 AssiDomän is one of Europe's leading forest products companies. Production is concentrated on sawn timber, packaging paper and packaging. The Group had a turnover of approximately SEK 24 billion in 1998 and has 17,000 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/08/19991208BIT00290/bit0001.doc http://www.bit.se/bitonline/1999/12/08/19991208BIT00290/bit0002.pdf