Fire at Hallsta Paper Mill

A fire broke out on Friday evening at Hallsta Paper Mill in Hallstavik, outside
Norrtälje, Sweden. No-one was injured, but production has been stopped.
The fire took place in the pulp factory in the north of the factory site. It was
put out by the emergency services, and clean-up efforts began immediately at
Friday night. The two paper machines at the mill were not affected or damaged by
the fire.

Paper production has been halted until activities in the fire-damaged pulp
factory can be resumed. The current assessment is that it will be possible to
start up the pulp factory again, in any case partially, within two to three
weeks.

“We’re initiating immediate dialogue with those customers next in line for
deliveries from the mill, and we’ll be doing our utmost to ensure that our
customers are affected to as minor an extent as possible,” says Nils Ringborg,
CEO at Holmen Paper.

An investigation into the cause of the fire and the extent of the damage is in
progress. The incident is expected to have a negative impact on results for the
fourth quarter amounting to SEK 30 million.

For more information, please contact:
Jonas Lindell, communications manager, Holmen Paper, tel. +46 (0)70 323 20 13

This is information that Holmen AB is obliged to disclose under the Swedish
Securities Market Act and the Swedish Financial Instruments Trading Act. The
information was submitted for publication on 22 November 2015 at 17:15 CET.
Holmen is a forest industry group that manufactures paperboard, printing paper
and sawn timber and runs forestry and energy production operations. In 2014
Holmen’s net sales were SEK 16 billion and the group has approx. 3,400
employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more
information, visit www.holmen.com