No Asbestos Claims Against Hoganas

Hoganas, SWEDEN

HOGANAS, Sweden, Nov. 5, 2002 (PRIMEZONE) -- With reference to queries received recently concerning asbestos-related claims for damages, Hoganas AB wishes to state as follows:

No claims for damages related to asbestos have been filed against the Hoganas Group. Hoganas' production facilities inside and outside Sweden are not and have not been engaged in any kind of operation involving asbestos.

Hoganas, November 5, 2002

Claes Lindqvist

President and Chief Executive Officer


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