Holmen

Board/Management Information • Sep 8, 2011

Press release

8 September 2011

New management for Holmen Paper and Holmen Energi

Holmen is reorganising its management teams in two of the Group's business areas. This will also affect the composition of Group management.

Arne Wallin, head of the Holmen Paper business area, will take up the equivalent role in the Holmen Energi business area. The new head of Holmen Paper will be the business area's current marketing director, Henrik Sjölund.

"Holmen Energi will be focusing on several new areas, including wind power and biofuels. To be successful, we need to strengthen our competence in preparation for the major projects that are in the pipeline. Arne Wallin has many years of experience of both major investment projects and advanced business negotiations," says Magnus Hall, President and CEO, Holmen.

"With his solid knowledge of the major market challenges faced by the printing paper industry, Henrik Sjölund will be a force to be reckoned with at Holmen Paper. He will also be a welcome addition to Group management."

Henrik Sjölund will be succeeded as marketing director of Holmen Paper by Nils Ringborg, who is currently responsible for recovered paper purchasing at Holmen Paper and managing director of the part-owned paper recovery company PÅAB.

Brynolf Alexandersson, currently head of Holmen Energi, will be taking on the role of production manager in the same business area.

"Brynolf Alexandersson did an extraordinary job during the first phase of development, but it's now natural for someone else to take the helm," says Magnus Hall.

All changes are applicable as of 15 September.

For further information please contact:

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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 14.00 CET on Thursday 8 September 2011.

Ingela Carlsson, Head of Group public relations Holmen, tel. +46 (0)70 - 212 97 12 Jonas Lindell, Manager public communications Holmen Paper, tel. +46 (0)70 - 323 20 13