Sale to Kappa completed

Sale to Kappa completed The sale of AssiDomän Corrugated & Containerboard to Kappa Holdings was is now completed today. The deal could behas been closed following last week''s approval of the sale by the EU Commission. The purchase price amounts to MSEK 10,410 on a debt-free basis, of which tax debts account for MSEK 350 and interest-bearing liabilities for MSEK 4,680. The deal is expected to provide AssiDomän with a capital gain of MSEK 1,570. In addition, there will be positive tax effects of approximately MSEK 300. The transaction is expected to have a positive impact on earnings as per January 1, for 2001 of approximately MSEK 1,870, corresponding to SEK 19.70 per share. The capital gain does not include the effect of translation differences on the sold units'' ´ shareholders''´ equity during the holding period. Since, the formal takeover of the business takes place as of 1 January 2001, AssiDomän''s earnings will also be affected by the transfer to Kappa of net profits accrued up to the takeover date, while AssiDomän will receive interest on the purchase price for the share capital during the same period. The combined affect effect of these factors up until 17 May 2001 is estimated at approximately MSEK xxx which will be included in net profit for the second quarter. In the first quarter of 2001, the sold units accounted for 70x % of turnover and 40y % of operating profit. As announced earlier, the intention following this now completed structural deal is to adapt the capital structure to the present operations. The company expects to be above able to provide more detailed information at in connection with next week''s Annual General Meeting. AssiDomän AB Corporate Communications 187 May 2001 For further information, please contact: Gunnar Palme, President and CEO, phone noTel.: +46 8 655 9280 Berit Hallberg, Senior vice President, Corporate Communications, phone noTel.: +46 8 655 9106 Peter Månsson, Vice President Investor Relations, phone noTel.: +46 8 655 9278 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/18/20010518BIT00030/bit0001.doc http://www.bit.se/bitonline/2001/05/18/20010518BIT00030/bit0001.pdf