Interim report January-September 2004

·Group turnover amounted to MSEK 1,048.1 (MSEK 1,274.3)

·Result after financial items reported as MSEK -70.5 (-108.1)

·Profit after tax reported as MSEK -49.6 (-87.2).

·Result per share is reported as SEK -6.00 (-10.55)

·Through the programme of measures, fixed costs have fallen by just over MSEK 40 over the period

·The notified price increases have started to come into effect during September


For further information, please contact Ragnar Quarnström, managing director,
tel +46(0)771-11 00 00 or +46(0)70 600 32 21 or Gunnar Nyqvist, finance director,
tel +44(0)771-11 00 00 or +46(0)70 601 85 18.

KLIPPAN

KLIPPAN AB manufactures, develops and markets fine and special paper and cardboard.

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