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RNS Number:1708F
Perstorp AB
13 June 2001

Perstorp's Annual General Meeting

*  Meeting approves spin-off of Pergo AB
*  Inquiry reports regarding last year's takeover offer contain no
   criticism of Perstorp Board

The Annual General Meeting approved the proposed spin-off of all of the shares
in the subsidiary Pergo AB. After the Board withdrew its proposal regarding a
cash dividend, the Meeting decided that no cash dividend would be paid. The
record date for receipt of the shares in Pergo AB was set at June 15, 2001. The
shares in Pergo AB are expected to be available in the VP (securities) accounts
of eligible shareholders on June 19, 2001.

The above resolution entails that trading in Pergo shares on the Stockholm
Exchange (Stockholmsborsen) will commence on June 19, 2001 and that all of the
conditions for Sydsvenska Keml's acquisition of Perstorp AB have been fulfilled.

At the Meeting, the Board of Directors - with reference to Sydsvenska keml's
acquisition - withdrew its proposal that the Board be authorized to make
decisions regarding the purchase and transfer of Perstorp shares.

The Meeting re-elected Fredrik Arp, Gunnar Brock, Ake Fredriksson, Christer
Gardell, Urban Jansson and Wilhelm Wendt as members of the Board and elected
John Abrahamson as new member of the Board. At the statutory Board meeting held
Immediately after the Annual General Meeting, Urban Jansson was re-appointed
Chairman of the Perstorp AB Board and a decision was made to convene an
Extraordinary General Meeting of Perstorp shareholders for July 9.

At the Annual General Meeting, Chairman of the Board Urban Jansson presented an
account of the way Perstorp's Board of Directors and Executive Management had
handled the takeover offer that Industri Kapital directed to Perstorp
shareholders last year and its withdrawal. This occurred against the background
of two inquiry reports that had been released In connection with the Meeting and
distributed to Meeting participants.

One of the inquiries was conducted jointly by Lars Bredin, former head of the
Stockholm exchange, and Authorized Public Accountant Bo Magnusson. They found no
reason to criticize the manner and scope in which Perstorp provided information
to Industri Kapital in connection with the offer process. Nor did they find any
reason to criticize the Perstorp Board for its actions in connection with
Industri Kapital's withdrawal of its offer.

Following a request from the Swedish Shareholders' Association that the action
of the Board of Directors be illuminated from the perspective of the grounds for
claims for damages, Perstorp commissioned Supreme Court Justice Johan Munck to
conduct an inquiry, in which he was assisted by Ragnar Boman, Master of Business
Administration, and Consulting Professor Rolf Skog.

In his inquiry report, Johan Munck stated that the Company, meaning Perstorp AB,
would not be able to successfully pursue a court process regarding a claim for
damages from the Board of Directors or the President. He also stated that the
Board and the President had not contravened the Swedish Companies Act in
connection with either its provision of information to Industri Kapital or
Industri Kapital's withdrawal of its offer. Accordingly, there are no grounds
for shareholders to direct a claim for damages against the Board of Directors or
the President.

Urban Jansson also mentioned that the Swedish Securities Council had presented a
statement from the Stockholm Exchange (Stockholms Borsen) in October 2000 in
which it was concluded that there was no reason to criticize Perstorp for its
provision of information to Industri Kapital in connection with the offer
process.

Lars-Erik Forsgardh, president of the Swedish Shareholders' Association,
commented on the reports at the Meeting and stated that the Swedish
Shareholders' Association endorsed the conclusions made in the reports end
therefore gave its support to the Board of Directors and CEO being discharged
from personal liability.

In response to a question from Lars-Erik Forsgardh regarding Pergo's earnings
capacity, Christer Gardell, Chairman of Pergo's Board, explained that he "would
be tremendously disappointed if we did not report a profit during 2002."

At the Annual General Meeting, Ake Fredriksson, Perstorp's President and Chief
Executive Officer, presented a report on Perstorp's operations and on the
streamlining the Group had undergone during recent years. In addition, Pergo's
President. Michael Boris-Moller, was presented to the Meeting, prior to the
decision to spin-off this company and list it on the stock exchange.

The two inquiry reports are available on Perstorp's website
www.perstorp.com, as are the addresses by Urban Jansson and Ake
Fredriksson.

June 12, 2001
Perstorp AB
Corporate Communications

For further information please contact Corporate Communications
tel +46 435 382 62

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