Positive effect of MSEK 350 on result

According to a decision by the County Administrative Court, Holmen is
entitled to make a tax deduction for a loss stated in its tax return for
1997. This decision has now gained legal force, and as a consequence
this year's estimated tax charge will be lower. The positive effect on
the result for 2001 is estimated at some MSEK 350, which corresponds to
SEK 4 per share. This effect will be included in the quarterly figures
for the third quarter of the current year.

For further information, please contact Anders Almgren, Chief Financial
Officer, telephone +46 8 666 21 16.

Holmen AB, P.O. Box 5407, SE-114 84 Stockholm, Sweden.

Visiting address: Strandvägen 1, Stockholm.

Tel: +46 8 666 21 00   E-mail: info@holmen.com

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