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On November 30, 2000, Holmen implemented the repurchase programme that had
been decided upon by an Extraordinary General Meeting on August 15, 2000.

Altogether 8,885,827 series "B" shares, equivalent to ten per cent of
the company's total stock, have been repurchased for an average price of
SEK 228 per share.

For further information, please contact Holmen's Chief Financial Officer,
Lennart Svensson
On +46 8 666 21 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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