Klippan AB: Olle Grundberg Deputy President


KLIPPAN, Sweden, May 15, 2002 (PRIMEZONE) -- Olle Grundberg has been appointed Deputy President for Klippan AB as from 15 May 2002.

Olle Grundberg has been Vice President Sales and Marketing for Klippan since 1 December 2001. During 1996-2000, Grundberg was the president of Riaupaper International in Indonesia and during 1990-1996 he worked as president and CEO for Trebruk. Before this, Grundberg had a number of appointments at managerial level within the MoDo group.

Klippan AB

Bengt Ostensson President/CEO


For further information, please contact Bengt Ostensson,
tel +46(0)435 291 01 or mobile +46(0)70 595 86 27.

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www.waymaker.net/bitonline/2002/05/15/20020515BIT00280/wkr0001.doc
www.waymaker.net/bitonline/2002/05/15/20020515BIT00280/wkr0002.pdf