Board of Director’s on the investigation reports: SCA’s representatives acted in compliance with Swedish law and company's policies

During winter 2014/2015, criticism were directed at representatives of SCA in
the Swedish media. These reports primarily related to issues concerning the use
of business aviation and hunting for hospitality purposes by the company’s
senior representatives. Consequently, SCA’s Board of Directors decided to
appoint two independent audits. One of these was carried out by the accounting
firm PwC, appointed by the shareholders, while the second was performed by
Svante Forsberg, authorized public accountant, Deloitte, and Johan Munck, former
Justice of the Supreme Court. The investigators have now presented their
respective reports. The Board of Directors has noted that the investigators have
determined that the company and its representatives have acted in compliance
with Swedish law and the company’s policies. The company’s auditors have also
submitted an unmodified auditor’s report for 2014. Furthermore, the
investigators concluded that there are no grounds for SCA to make financial
claims against individuals and that the Board of Directors and the former
President should be discharged from liability.
On December 16, 2014, SCA’s Board of Directors decided to carry out an extra
audit of business aviation practices and engaged the services of PwC, the
accounting firm appointed by the shareholders, to perform this task.
Furthermore, on January 26, 2015 – following consultations with representatives
of certain institutional owners and Industrivärden – the Board of Directors
appointed Svante Forsberg, authorized public accountant, Deloitte, and Johan
Munck, former Justice of the Supreme Court, to carry out an additional
independent investigation. PwC’s investigation focused on the use of business
aviation, while the second audit also included aspects as the hunts arranged for
business hospitality purposes. The Board of Directors has noted that the
investigations criticized SCA’s invoicing procedures and the high cost of
business aviation, which was due to a number of reasons. At the same time, the
Board of Directors welcomes the investigations’ findings that confirmed that all
of the journeys taken by the former President and CEO in the business aircraft
were designated as business trips, that the journeys taken by the Chairman of
the Board and the other Board members complied with the company’s policy for
business aviation and that all issues investigated were determined to be in
compliance with Swedish law.

In December 2014, SCA revised its policy on the use of business aviation,
entailing that the family of employees and other external individuals are not
permitted to travel on the business aircraft and that it may not be used in
conjunction with business hospitality. The company has also taken other
initiatives, which included a review of business aviation and Henvålen. The
company has also updated its Conflict of Interest Policy.

The investigators have emphasized that the critical remarks that can be noted
relate to issues concerning appropriateness. Both the Board of Directors and the
President will continue to work to maintain a high degree of confidence in the
company and welcome an open dialog with the owners and other stakeholders.

A press conference will be held at Lundqvist & Lindqvist (Klarabergsviadukten
90) at 10:30 a.m. today (April 8). Each of the investigators will present their
reports and respond to questions at this event. Representative of SCA will
participate.

Board of Directors of SCA, Stockholm, April 8, 2015.

The reports can be ordered from Deloitte, Anita Jonsson, anjonsson@deloitte.se
and PwC, Kristina Hedlund, kristina.hedlund@se.pwc.com

NB

This information is such that SCA must disclose in accordance with the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on April 8, 2015, at 08:30 CET.
For additional information please contact:
Linda Nyberg, VP VP Media Relations, 46 8 788 51 58
Karl Stoltz, Media Relations Manager, 46 8 788 51 55
Johan Karlsson, VP Investor Relations, 46 8 788 51 30
SCA is a leading global hygiene and forest products company. The Group develops
and produces sustainable personal care, tissue and forest products. Sales are
conducted in about 100 countries under many strong brands, including the leading
global brands TENA and Tork, and regional brands, such as Libero, Libresse,
Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest
owner, SCA places considerable emphasis on sustainable forest management. The
Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK
104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm,
Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit
www.sca.com.