Holmen to build wind farm in jointly-owned company

Together with investment fund Eurofideme 2, Holmen has decided to build a wind
farm in the municipality of Norrtälje in a jointly-owned company. The annual
production is an estimated 165 GWh and the wind farm is planned to commence
operation in autumn 2014.
Eurofideme 2, a renewable energy infrastructure fund of Mirova*, has acquired
half the shares in the company that Holmen founded to run wind power production
on its own land in the municipality of Norrtälje near Hallsta Paper Mill. The
decision now marks the start of installation of 17 wind turbines with an
installed power capacity of a total 51 MW and an expected annual production of
165 GWh. An environmental permit has already been obtained. According to the
plan, the turbines will be taken into operation in autumn 2014.

“This project will exploit Holmen’s excellent opportunities to produce wind
power on its own land,” says Holmen’s President and CEO Magnus Hall. “It is also
an important element in our focus on renewable energy, set to increase our self
-sufficiency in electricity.”

“It is a great opportunity for Eurofideme 2 to be co-investing in this project
of national interest for wind in the Stockholm County with a high quality
partner like Holmen” commented Raphael Lance, Director of Eurofideme 2.

The cost of constructing the wind farm is an estimated SEK 650 million and will
be financed by a bank loan to the jointly-owned company plus capital from
shareholders Holmen and Eurofideme 2. Holmen’s investment will largely be met by
income from the sale of shares in the company, and the transaction will
therefore not have any noticeable effect on Holmen’s cash flow. The transaction
will affect Holmen Energi’s operating profit in the second quarter by
approximately SEK 100 million.

* Eurofideme 2, a fund managed by Mirova Environment and Infrastructure and part
of Mirova, the Responsible Investment division of Natixis Asset Management, is
investing through its wholly-owned subsidiary Wotan SA.

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Contact information:
Arne Wallin, CEO Holmen Energi, tel. + 4670 528 66 28
Anders Jernhall, CFO, Holmen, tel. + 468 666 21 22

This is information that Holmen AB is obliged to disclose under the Swedish
Securities Market Act and the Swedish Financial Instruments Trading Act.
Submitted for publication on 17 May at 15.30.