16OG Akbank 5.000% A

RNS Number:5339I
Perstorp AB
5 April 2000


* Perstorp engaged in negotiations with Industri Kapital

* Trading in Perstorp shares suspended

* Annual General Meeting cancelled


Perstorp AB's Board of Directors has received an offer from Industri Kapital
which could result in Industri Kapital making a public offer to acquire all of
the shares in Perstorp.

The Board views the process favorably and negotiations have now entered a
decisive phase.  Following consultation with the Stockholm and London stock
exchanges, Perstorp has concluded that it is appropriate to suspend trading in
the Company's shares.  Trading will resume as soon as any results of the
negotiations can be reported to the market, but no later than April 10.

As a result of the current negotiations and suspension of trading, the Perstorp
Board has also decided to cancel the Annual General Meeting, which had been
scheduled for April 8.  A new date for the Meeting will be announced April 10.

Perstorp will not make any more comments on the matter while the suspension of
trading remains in effect.


END




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