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Björn Kvick has been appointed President of Iggesund Paperboard AB,
Holmen's business area for the production and sale of paperboard. Kvick
will take up his new position on July 1, 2001.

Björn Kvick has been manager at Iggesunds Bruk, the largest unit in the
business area, for the past ten years. Iggesunds Bruk has a production
capacity of 300,000 tonnes per year and some 850 employees.

Kvick will succeed Per Ericson, Holmen's President and CEO, who has been
President of Iggesund Paperboard since the middle of August 2000.

Iggesund Paperboard had a net turnover of some SEK 4.2 billion in 2000,
when the number of employees was approximately 2,000. The business
area's three mills - Iggesunds Bruk and Ströms Bruk in Sweden, and
Workington in England - have a production capacity of 500,000 tonnes per

Iggesund Paperboard produces and sells paperboard for packaging for e.g.
cosmetics, chocolate and confectionery, and foodstuffs, as well as for
graphic purposes.

For further information, please contact: Holmen's President and CEO, Per
Ericson, telephone +46 8 666 21 00,
and the entering President of Iggesund Paperboard, Björn Kvick,
Telephone +46 650 280 00.

The Holmen Group

Holmen is a forest industry group that manufactures printing paper, paperboard and sawn timber and runs forestry and energy production operations. The company’s extensive forest holdings and its high proportion of energy production are strategically important resources for its future growth.

Holmen AB

Tel: 08-666 21 00

E-post: info@holmen.com

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