Bong becomes market leader in U.K. by acquiring Rexam Envelopes

9/18/2000 4:46 AM EST

Bong acquires as per September 15, 2000 the British envelope business,
Rexam Envelopes. The Seller is Communisis Plc., noted on the London Stock
Exchange.

Rexam Envelopes, being one of U.K.'s leading envelope companies, had in
1999 revenues of approx. 16 MGBP, manufactures around 1,4 billion
envelopes and has approx. 140 employees.

As a result of the acquisition, Bong will have combined revenues in the
U.K. of over 50 MGBP and thus will become the market leader.

Rexam Envelopes is located in Milton Keynes north-west of London, where
also Bong/Bauwens current British operations are located. The two
businesses are intended to be merged and the possibilities to achieve
substantial synergies are regarded excellent.

Bong acquires the business from Rexam Envelopes by taking over its assets
(stock, machinery, property etc.) for, in principal, its book values. The
consideration is approx. 100 MSEK. The financing of the acquisition is
initially funded by means generated by Bongs sales of property in
Kristianstad and Nybro. All personnel is assumed by Bong.

Bong is today Europe's leading envelope manufacturer. The Bong Group has
revenues of some SKr 2.5 billion, approximately 1,800 employees and an
annual production of some 15 billion envelopes at its factories in Sweden,
Denmark, Norway, Finland, Germany, Great Britain, Ireland, Belgium, Poland
and Estonia. Through the acquisition of Rexam Envelopes, Bong strengthens
it's already leading position and will have approx. 16% of the European
market. In recent years, Bong has played an active part in the current
process of restructuring in the European envelope industry and sees useful
potential for further expansion.

Kristianstad, Sweden, September 18, 2000

BONG LJUNGDAHL AB

Lennart Pihl
MD and CEO

For further information please contact:
Lennart Pihl, Managing Director and Group Chief Executive of Bong
Telephone: +46 44 20 70 50 or mobile +46 70 594 68 66