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RNS Number:8521S
Perstorp AB
20 October 2000


Pergo to be spun off to shareholders
and listed on the stock exchange

At its meeting on Friday, and in line with the strategy
set in October 1999, the Board of Directors of Perstorp
AB decided to prepare Pergo for a stock-exchange listing
during 2001.

The Board's intention is to propose that the next Annual
General Meeting approve a motion that Pergo be spun off
to Perstorp AB shareholders. The subsidiary Perstorp
Laminatproduktion AB will be merged with Pergo. It is
proposed that the spin-off take the form of a cost-free
distribution of all shares in Pergo, in accordance with
the Swedish legal precedent known as Lex Asea, which
means that the spin-off may be undertaken without
immediate tax implications in Sweden for Perstorp's
shareholders. It is proposed that the spin-off will take
the form of a single series of shares.

"The decision to proceed with plans for a stock-exchange
listing is an expression of the positive view of flooring
operations held by both the Board and shareholders
representing a majority of Perstorp's voting rights. We
believe the operations offer good prospects for long-
term, positive development," comments Urban Jansson,
Chairman of the Board.

"A stock-exchange listing of Pergo will create the
potential for more rapid expansion and thus greater value
for Perstorp's shareholders. This will enable the company
to work in a more focused manner and encourage greater
responsibility and commitment among employees. A good
example of this is the successful distribution of Perbio
Science that we completed last year."

A working group, which includes representatives of the
major shareholders and trade unions has been formed in
preparation for the spin-off and stock-exchange listing.

The Pergo Group will have annual sales of approximately
SEK 3,700 m, with 1,100 employees. Pergo was a pioneer in
the development of laminate flooring and is currently a
leading manufacturer with strong brands in the Europe and
the US. Perstorp Laminatproduktion AB is a supplier of
laminate, primarily used for flooring applications.

The current Perstorp Chemicals, which after the market
listing of flooring operations, will represent the bulk
of the Perstorp Group, has annual sales of approximately
SEK 5,300 m, with 2,500 employees.

2000-10-20
Perstorp AB
Corporate Communications

For further information, please contact:

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

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