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Lennart Svensson, Chief Financial Officer at Holmen, has notified that
he wishes to leave the Group on June 30, 2001, to pursue other activities.

Anders Almgren has been appointed new Chief Financial Officer and head
of Group Finance. Almgren is at present head of the treasury department
within the staff. He will take up his position on April 1.

For further information, please contact:
Holmen's President and CEO, Per Ericson, telephone +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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