SCA continues to phase out holding in AB Industrivärden

SCA continues to phase out holding in AB Industrivärden Through the sale of approximately 1.9 million shares to two pension foundations for securing the pensions of its employees, SCA has today reduced its holding of Series A shares in AB Industrivärden to 5,188,656 shares, which corresponds to 3% of the capital (2.7% after dilution) and 4% of the number of votes (3.7% after dilution). The sale of these shares has resulted in a capital gain totaling approximately SEK 120 M and this sum will be reserved until further notice in anticipation of the announced harmonization of the Swedish and international reporting regulations in the area of pensions. Swedish accounting rules currently provide scope for booking the gain while this is not the case in accordance with international rules (IAS). In addition to this, SCA also holds 7,320,000 Series A shares in AB Industrivärden, which have been reserved for conversion of the exchangeables, which SCA issued in 1997. The foundation that was created with the aim of safeguarding the Group's ITP pension liability has acquired exchangeables in the market corresponding to a nominal amount of approximately SEK 540 M. Stockholm 23 December 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. www.sca.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/23/19991223BIT00160/bit0001.doc http://www.bit.se/bitonline/1999/12/23/19991223BIT00160/bit0002.pdf