Holmen

Regulatory Filings • Sep 27, 2012

Press release

27 September 2012

Iggesund Mill to streamline its organisation

Holmen's paperboard mill in Iggesund is to make its operations more efficient, with employee numbers being cut from 900 to 800. The intention is for the cuts to be made through normal personnel turnover (retirement) over a two-year period.

"We are active in a market that is subject to fierce competition and that is under immense cost pressure. High-quality products and high productivity are our competitive weapons, but we also need to constantly review our costs," says Björn Kvick, President of Iggesund Paperboard.

The cuts will be made through various initiatives such as reviewing the sheeting and wood chipping operations. SEK 2.3 billion has recently been invested at the mill in a new recovery boiler, laying the foundations for maintaining the company's competitive edge in the future.

Contact information:

Björn Kvick, President of Iggesund Paperboard, tel. +46 70 673 16 40 Ingela Carlsson, Public Relations Director, Holmen, tel. +46 702 12 97 12

In its capacity as issuer, Holmen AB is releasing the information in this press release in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 1.45 PM CET on Thursday 27 September 2012.