Bong sells industrial property in England

5/23/2003 3:52 AM EST

With the object of concentrating its business units in England, Bong is
selling its industrial property in Milton Keynes. About MSEK 30 of the
total sales price of about MSEK 37 has been received, while payment of
the remaining amount is conditional on certain official approvals being
obtained.

In the event of full payment, the sale will give rise to a capital gain
of about 9 MSEK. Bong has signed a short-term agreement to lease back
the sold property. However, its intention is to relocate the business to
other premises in 2004.

Kristianstad, Sweden, May 23, 2003

Bong Ljungdahl AB
Lennart Pihl
President and CEO

Further information may be obtained from Bong Ljungdahl AB's President
and CEO on
+46 44 20 70 00, +46 44 20 70 50 (direct), or +46 70 594 68 66 (mobile)

Bong is one of Europe's leading envelope companies. The Group has an
annual turnover of around SEK 2.1 billion, some 1,500 employees and an
annual manufacturing capacity of some 15 billion envelopes at its
production units in Sweden, Denmark, Norway, Finland, Poland, Germany,
Belgium, Britain and Ireland.

Bong has a very strong market position, especially in Northern Europe,
and canvasses twelve European countries through its own sales
organisations. In recent years, Bong has acquired several companies in
the envelope industry and has thus taken an active part in the current
process of structural transformation in the industry in Europe. The
Group sees attractive opportunities for further expansion and
development.

Bong is a publicly listed company and its shares are listed on the
Stockholm Stock Exchanges "O" list.