Dates fixed for financial reports and Annual General Meeting in 2004

Holmen

Holmen's reporting in 2004 will be as follows:

3 February Year-end Report for 2003

29 April Interim Report, January - March

18 August Interim Report, January - June

28 October Interim Report, January - September

The Annual General Meeting will be held on 30 March.

The Annual Report for 2003 will be distributed at the beginning of
March.

• Dates fixed for financial reports and Annual General Meeting in 2004