Swedish Match in Turkey

9/20/1999 1:45 PM EST

Swedish Match has entered into an agreement to acquire the outstanding 40%
shares in Swedish Match KAV in Turkey from Koç Holding AS controlled
companies. Swedish Match previously had a 60% share of Swedish Match KAV and
will consequently as a result of this transfer own and control 100% of the
company with manufacturing and sale of matches for mainly the Turkish market.

Swedish Match is an international group with its head office in Stockholm. The
company produces an extensive range of tobacco products, matches and
disposable lighters, which are sold in 140 countries. The company's total
sales during 1998 amounted to approximately MSEK 8,200. The Swedish Match
share is listed on the Stockholm Stock Exchange (SWMA) and NASDAQ (SWMAY)