AssiDomän sells JCP Izolacie of Slovakia

AssiDomän sells JCP Izolacie of Slovakia AssiDomän Sturovo a.s. and Icopal a/s have signed a letter of intent regarding the sale of AssiDomän Sturovo's subsidiary, JCP Izolacie a.s., to Icopal, one of the world's largest producers of roofing felts. The transfer date and the final value of transaction will be determined after the completion of due diligence. JCP Izolacie is Slovakia's leading producer and supplier of asphalt- impregnated roofing and insulation materials. The company has a high level of exports, with markets in the Czech Republic, Germany, Hungary and Poland. JCP Izolacie has sales turnover of SKK 1.2 billion (28 million euros) and around 2400 employees. Production amounts to 40 million m of asphalt-impregnated materials per year AssiDomän has decided to sell JCP Izolacie because the company does not fit in with AssiDomän's structure and its other operations. AssiDomän's other operations at Sturovo - production of SC fluting and corrugated board - are not affected by the sale. AssiDomän AB Corporate Communications 9 December 1999 For further information, please contact: Torbjörn Pettersson, President, AssiDomän Containerboard, tel +46 70 379 76 21 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/1999/12/09/19991209BIT00070/bit0001.doc http://www.bit.se/bitonline/1999/12/09/19991209BIT00070/bit0002.pdf