New issue in SCA was approved by an Extraordinary General Meeting

New issue in SCA with preferential rights to SCA's shareholders was approved by an Extraordinary General Meeting The Extraordinary General Meeting held on Tuesday approved the Board of Directors' proposal to carry out a new issue in which six Series A or B shares carry rights to subscribe for one new Series B share. The issue price is set at SEK 140 per share. In total, the issue is expected to generate proceeds of approximately SEK 4.6 billion. The issue is supported by SCA's largest shareholders, Industrivärden, Custos and Handelsbanken's foundations, which have stated that they intend to exercise the forthcoming subscription rights. A number of SCA's large institutional owners have also stated that they favor the issue. The issue decision means that only B shares will be issued. The portion of total shares represented by B shares will thereby rise to about 74 %. Timeplan SCA-share listed ex-rights to participate in the new issue 22 September Record date for entitlement to subscription rights 24 September Publication of prospectus 28 September Trading in subscription rights 1-18 October Subscription period 1-22 October Stockholm 21 September 1999 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Corporate Communications For further information please contact: Sverker Martin-Löf, President and CEO. Tel: +46 8 788 51 51 or Sten Lindholm, Senior VP, Corporate Communications. Tel: +46 8 788 51 62 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/09/21/19990921BIT00250/bit0001.doc http://www.bit.se/bitonline/1999/09/21/19990921BIT00250/bit0002.pdf