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Press release
19 Jun 2002, 14:53 CET

Convertibles scheme at Billerud AB

Convertibles scheme at Billerud AB 325 employees of the Billerud Group in Sweden have subscribed to the convertible debenture loan designed for the company's employees. Around 22 per cent of the total offer has been subscribed. The loan amounts to a total of around SEK 31 million. The conversion price is SEK 114. On full conversion, the total number of shares will increase by 268,047 shares, which is equivalent to a dilution of around 0.4 per cent of the total number of shares. Stockholm 19 June 2002 Billerud AB (publ) Bert Östlund CEO Information about Billerud is available at www.billerud.com. For further details, please contact: Bert Östlund, CEO, +46 8 553 335 00 or +46 70 518 2757 Nils Lindholm, CFO, +46 8 553 335 00 or +46 70 217 5225 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/19/20020619BIT00930/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/19/20020619BIT00930/wkr0002.pdf