16OG Akbank 5.000% A

RNS Number:6759S
Perstorp AB
18 October 2000



Perstorp AB comments on Swedish Securities Council's opinion regarding
withdrawal of Industri Kapital/Perstorp Intressenters' bid

Perstorp AB welcomes the clarification made by the Swedish Securities Council
and the OM Stockholm Exchange in its statement issued on October 18 regarding
the conditions for public offers and provision of information in conjunction
with such offers based on the bid for Perstorp AB by Industri Kapital/Perstorp
Intressenter and the withdrawal of that bid.

The Board of Directors of Perstorp AB notes that the Securities Council found it
appropriate to transfer assessment of Perstorp AB's provision of information to
the OM Stockholm Exchange. The Board is gratified to find that the OM Stockholm
Exchange has concluded that the company's provision of information was in
keeping with the rules of the Stock Exchange.

Perstorp AB's Board also finds that the Securities Council's statement
regarding Industri Kapital/Perstorp Intressenters' withdrawal of the bid for
Perstorp has clarified certain matters of principle for the terms and conditions
of withdrawal during an acceptance period.

The Board again expresses its regret at the withdrawal of the bid, which placed
Perstorp in a situation that was unfavorable for the company and its
shareholders. The Board has adopted a long-term perspective in its work to
develop value for the shareholders. Unlike Industri Kapital/Perstorp
Intressenter, the Board and a majority of Perstorp's owners take a positive view
of the potential of the flooring operations and see favorable conditions for the
long-term positive development of these operations. The Board, accordingly, will
continue to evaluate all strategic and industrial alternatives for the Perstorp
Group, which does not rule out discussions with Industri Kapital/Perstorp
Intressenter.

For further information, please contact:

Urban Jansson, Chairman of the Board, Perstorp AB, +46 435 386 06 
Ake Fredriksson, CEO Perstorp AB, +46 435 385 45

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