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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.

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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