Göran Lundin, President of Holmen Paper, a business area within the Holmen
Group, has notified the company of his wish, at the age of 61 and after 12
years as business area president, to step down from his present position.

Magnus Hall, currently Holmen Paper's marketing director, has been
appointed President of the company with effect from June 1, 2001.

Also effective June 1, Göran Lundin has been appointed Executive Vice
President at Holmen AB, where he will be engaged on special projects on
behalf of the President and CEO, Per Ericson.

In connection with this change of president on June 1, 2001, Holmen Kraft
will become a separate business area. The President will be Åke Eklöf, who
will report direct to Holmen's Group management, where Göran Lundin will
have responsibility.

For further information, please contact:
Holmen's President and CEO, Per Ericson, telephone +46 8 666 21 00.

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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