Derivatives: Adjustment of warrants in Svenska Cellulosa AB SCA in connection with split (35/07)

In connection with split (3:1) all warrants in Svenska Cellulosa AB SCA will be recalculated. The recalculation will be effective as from Monday May 7th, 2007. 

Please see attached appendix with sheets for information about the new terms.

For more detailed information about the recalculation please contact the issuer.