Bert Östlund appointed President of Billerud

Bert Östlund appointed President of Billerud The Board of Billerud, in which Stora Enso and AssiDomän each hold a 50- percent ownership interest, and which will be formally established on January 1, 2001, has appointed Bert Östlund President of the new company. He will take over this post on January 1, 2001. Bert Östlund, 52, (M.B.A) has extensive experience from within the forest products industry and is currently President of Stora Enso Pulp. Since 1987, he has been employed in a number of management positions within the Group, including periods as President of Stora Cell, President of Stora Celbi in Portugal and CFO at Stora Cell. A program to appoint a successor to Mr. Östlund as new President of Stora Enso Pulp is underway. Helsinki and Stockholm November 30, 2000 For further information, please contact: Ingvar Petersson, Chairman, Billerud, Tel. +46-8 613 66 00, +46 70 595 76 05 Anna-Lena Nyberg, Vice President, Human Resources, AssiDomän AB, Tel. +46-8 655 92 17, +46-70 522 08 85 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/30/20001130BIT01170/bit0001.doc http://www.bit.se/bitonline/2000/11/30/20001130BIT01170/bit0002.pdf