BillerudKorsnäs reports serious fraud to Swedish police

BillerudKorsnäs has during June 2016 been exposed to serious external fraud of
an advanced nature. The company has, despite rigorous control mechanisms, been
deceived to make payments on the basis of false invoices. The situation was
quickly identified by the BillerudKorsnäs finance function and the extent of the
fraud could therefore be limited through recovery of major parts of the
payments. After these measures, the maximal damage is about SEK 25 million.

The fraud has been reported to the Swedish police who is currently investigating
the case. BillerudKorsnäs has initiated an internal investigation to assess if,
and if so where, there has been lack of compliance with internal routines. Until
the internal investigation is finalized, BillerudKorsnäs has taken measures to
prevent similar situations to occur.

“We treat this situation seriously. This type of fraud becomes more and more
advanced and difficult to detect. This is a signal to us and to the rest of the
business community about the importance of increased alertness”, comments Per
Lindberg, President and CEO, BillerudKorsnäs AB.

BillerudKorsnäs has reported the claim to the insurance company and an insurance
case has been initiated.

For further information, please contact:

Susanne Lithander, CFO, +46 (0)8 553 335 00

Henrik Essén, SVP Communication and Sustainability, +46 (0)8 553 335 00

The information is such   that BillerudKorsnäs Aktiebolag (publ) is obligated to
publish under the   Swedish Securities Market Act. Submitted for publication at
11.10 CET, June 23rd 2016.
BillerudKorsnäs provides packaging materials and solutions that challenge
conventional packaging for a sustainable future. We are a world-leading provider
of primary fibre based packaging materials and have customers in over 100
countries. The company has 8 production sites in Sweden, Finland and the UK and
about 4 200 employees in over 13 countries. BillerudKorsnäs has an annual
turnover of about SEK 22 billion and is listed on Nasdaq Stockholm.
www.billerudkorsnas.com