Board Of Bong Ljungdahl Puts Proposal For Rights Issue To Egm

4/26/2002 9:51 AM EST

Press release from Bong Ljungdahl AB (publ)
BOARD OF BONG LJUNGDAHL PUTS PROPOSAL FOR RIGHTS ISSUE TO EGM

With the object of strengthening the Bong Ljungdahl Group's capital base
and to finance further growth and consolidation of the Group's position
as the leading company on the European envelope market, Bong Ljungdahl's
Board decided today to go ahead with the planned rights issue, subject
to the proposal obtaining the consent of an Extraordinary General
Meeting.

The intention is to hold the EGM on May 14, 2002, immediately after the
AGM.

Under the terms of the rights issue shareholders will be entitled to
subscribe to one new share at a price of 35 kronor of every two shares
they already own. A maximum of 4,334,995 new shares will be issued as a
result of the issue, the proceeds of which will amount to a maximum of
151,7 million kronor (before issue costs and assuming no further
conversions of the company's 1998/2002 convertible loan stock).

Bong's principal shareholders - Melker Schörling and companies
controlled by him; Alf Tönnesson, his family and companies controlled by
him; and members of the Bong, Bjurman and Sigfrid families - who
together represent more than 60 per cent of the shares in the company,
have expressed their support for the proposed rights issue, and will
vote in favour of the proposal at the coming EGM. Melker Schörling and
his companies, who represent 25.5 per cent of the shares in the company,
have undertaken to subscribe for their full entitlement of shares, and
to guarantee a further 20 per cent of the issue.

Time schedule for rights issue

EGM May 14, 2002
Bong shares go ex-rights May 16, 2002
Date of record for entitlement to rights May 21, 2002
Publication of prospectus May 23, 2002
Trading in rights May 28-June 13, 2002
Subscription period May 28-June 18, 2002

Handelsbanken Securities is acting as advisor to Bong Ljungdahl in
connection with the issue.

For more detailed information, reference is made to the notice convening
the EGM, which is expected to be published on April 29, 2002.

The rights issue is not directed to shareholders in the United States of
America or Canada or other countries where participation requires
measures in addition to those required under Swedish law.

Kristianstad, April 25, 2002

Bong Ljungdahl AB
Lennart Pihl
President and CEO

For further information, contact Lennart Pihl, President and CEO of Bong
Ljungdahl: +46 44 20 70 50, mobile 046 705 94 68 66
email:  .

The address of Bong Ljungdahl's website is www.bongljungdahl.se