Bong sells its Binder Business

12/20/2001 8:52 AM EST

As a final stage of Bong's consolidation to its core business, i.e.
manufacturing and sales of envelopes. an agreement has been made to sell
its binder business as per January 1st, 2002. The purchaser is a company
controlled by Per Fransson, earlier business area manager and vice
president of Bong.

The binder business has in recent years had profitability problems and
is generating a loss for the business year 2001. The purchase price
corresponds roughly to Bong's bookvalues and the sale will therefore
have only marginal effect on the result. The binder business has
revenues of approx. 55 MSEK and has 70 employees, whereof 60 in Poland
and 10 in Sweden.

Considering the buyer's relation to Bong, the transaction is subject to
approval by the Shareholders Meeting. Owners representing more than 63%
of the total ownership have declared that they are positive to the sale.

Kristianstad, Sweden, 2001-12-20

Bong Ljungdahl AB (publ.)

Lennart Pihl
President and CEO

For further information, please contact Lennart Pihl, President and CEO.
Telephone: +46 44 20 70 50, mobile +46 70 594 68 66

Bong is a fast growing international envelopes company. The Group has an
annual turnover of some SKr 2.5 billion, approximately 1,800 employees
and an annual production capacity of some 16 billion envelopes at its
factories in Sweden, Denmark, Norway, Finland, Germany, Great Britain,
Ireland, Belgium, Poland and Estonia. In recent years, Bong has played
an active part in the ongoing process of restructuring in the European
envelope industry and sees useful opportunities for further expansion
and development. Bong is a public company and the shares are listed on
The Stockholm Stock Exchange "O" list.