BillerudKorsnäs — Share Issue/Capital Change 2009

Oct 1, 2009

This press release may not be announced, published or disseminated, directly or indirectly, in the United States of America, Canada, Australia, Hong Kong or Japan

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PRESS RELEASE

October 1, 2009

Final results of Billerud's rights issue

The final results of Billerud's rights issue show that 50,535,616 shares, representing approximately 98 percent of the offered shares, were subscribed for with subscription rights. The 955,954 shares that were not subscribed for with subscription rights have been allocated to persons who have applied for subscription of shares without preferential rights and who have also subscribed for shares with subscription rights, whereby allotment has been made pro rata in proportion to the number of subscription rights that have been used for subscription of shares. Since the applications for subscription of shares without subscription rights (approximately 52.6 million shares) well exceed the number of shares that remain to be allocated after allocation has been made of the shares that have been subscribed for with subscription rights (955,954 shares), allocation of these shares will only be made to those who have also subscribed for shares with subscription rights. Notification regarding allocation based on subscription of shares without preferential rights will be sent to those who have been allocated shares. Through the rights issue Billerud will receive proceeds amounting to approximately MSEK 978 before issue costs.

Through the rights issue, the number of shares in Billerud increase by 51,491,570 to 104,834,613 (including Billerud's own holding). The share capital increases to SEK 774,173,065 through the rights issue, and after completed reduction of the share capital and bonus issue.

The new shares subscribed for with subscription rights are expected to be registered with the Swedish Companies Registration Office ("SCRO") on October 2, 2009 and to start trading on NASDAQ OMX Stockholm on October 6, 2009. Shares subscribed for without preferential rights are expected to be registered with SCRO on October 9, 2009 and to start trading on October 12, 2009.

Financial and legal advisors

Danske Markets, Handelsbanken Capital Markets, Nordea Corporate Finance and SEB Enskilda are acting as financial advisors and Joint Lead Managers for the rights issue and Cederquist as legal advisor to Billerud.

Billerud is a packaging company with a business concept to supply customers with innovative and high quality packaging paper. A consistent concentration on attractive market segments and a strong customer focus are cornerstones of Billerud's strategy. Billerud focuses on kraft paper and containerboard and has a world-leading position within several product segments. The company's production units are among the most cost-efficient in Europe for these products www.billerud.com

For further information please contact

Per Lindberg, president and CEO, +46 8 553 335 01 or +46 70 248 15 17 Bertil Carlsén, CFO, +46 8 553 335 07 or +46 73 021 10 92

The information above includes that which Billerud AB (publ) is required to publish under the Swedish Securities Exchange and clearing Operations Act. The information was submitted for publication on October 1, 2009 at 13:15 CET.

IMPORTANT NOTICE

In certain jurisdictions, the publication or distribution of this press release may be subject to legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such legal restrictions.

This press release is not directed at persons located in the United States, Canada, Australia, Hong Kong, Japan or in any other country where the offer or sale of the subscription rights, interim shares or new shares is not permitted. This press release may not be published or distributed, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, Japan or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933, as amended ("Securities Act") or laws applicable in other jurisdictions.

This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in Billerud AB (publ).

No BTAs (interim shares) or new shares will be registered under the Securities Act or any provincial act in Canada and may not be transferred or offered for sale in the United States or Canada or to persons resident in Canada or on account of such persons other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or in such exempt cases that do not require registration in accordance with any provincial act in Canada, respectively.

Billerud is a packaging company with a business concept to supply customers with innovative and high quality packaging paper. A consistent concentration on attractive market segments and a strong customer focus are cornerstones of Billerud's strategy. Billerud focuses on kraft paper and containerboard and has a world-leading position within several product segments. The company's production units are among the most cost-efficient in Europe for these products www.billerud.com