Bong proposes a new rights issue
Secures continued rapid growth

The Board of Directors of Bong has decided to propose to the shareholders that a new rights issue, directed to the current shareholders, is carried out generating a capital injection of 300 MSEK. The amount is large enough to cover the acquisition of the Stronghold group and indeed strengthen the capital base enough to facilitate a continued rapid growth. Details of the issue are yet to be set and will be announced shortly.

Bong is a fast-growing international envelope company. The Group has an annual turnover of some SKr 2.5 billion and around 1,900 employees. It has an annual production of 16 billion envelopes at 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 current process of restructuring in the European envelope industry and sees valuable potential for further expansion. Bong is a publicly quoted company and the share is traded on the Stockholm Stock Exchange Attract 40-list.

Kristianstad, Sweden, January 24, 2001

BONG LJUNGDAHL AB (publ.)

Lennart Pihl
CEO and MD

For further information, please call: Lennart Pihl, President and CEO
Telephone: +46 44 20 70 50 or Mobile: 070 – 594 68 66

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