STOCKHOLM, Sweden, Feb. 7, 2003 (PRIMEZONE) -- In view of the upcoming Annual General Meeting of Sapa AB (Other OTC:SPKKF) (Stockholm:SAPA) to be held on Friday, April 11, 2003, shareholders representing 85 per cent of the voting rights in Sapa have informed the Company that they intend to propose the re-election of the following board members: Per-Olof Eriksson, Anders Carlberg, Ole Enger, Lennart Evrell, Leif Gustafsson, Mats Qviberg and Staffan Bohman.
It is further proposed that Baard Haugen, born 1955, is appointed as new member of the Board. Baard Haugen is Director Strategy and Development in Elkem ASA, majority shareholder in Sapa.
In this connection, Arne Karlsson, member of the Board since 1995, has declined re-election.
For further information please contact:
Staffan Bohman, President and CEO, telephone +46-8-459 59 11.
Sapa is an international industrial group, which develops and markets value-added aluminium profiles, profile-based components and systems, and heat exchanger strip in aluminium. Sapa has an annual turnover of approximately 12 billion SEK, with 6,500 employees all over Europe and in USA and China. Sapa is one of Europe's leading companies within its field and the customers are found in the transport, building, engineering and telecom industries. Sapa is listed on the O-list of Stockholmsborsen.
Further information about Sapa can be found on our Website www.sapagroup.com
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