Alfa Laval -- change in Group Management


STOCKHOLM, Sweden, May 18, 2004 (PRIMEZONE) -- Swedish multi-national engineering group Alfa Laval -- a world leader in centrifugal separation, heat transfer and fluid handling -- announces today that Per-Erik Lindquist, Executive Vice President and responsible for the sales activities in Europe, has decided to leave the Group for private reasons.

Commenting on the fact that Per-Erik Lindquist has decided to leave the Group, Sigge Haraldsson, President and CEO of the Alfa Laval Group, said: "I respect Per-Erik Lindquist's decision to leave. I know that this has not been an easy decision for him. He has done a fantastic job in Alfa Laval and I wish him all the best in his new challenge." Per-Erik Lindquist comments on his decision: ``I have had the privilege and the pleasure to be a part of something big during the last three years as a member of the Alfa Laval Group Management and responsible for the European Region. I have now decided to leave Alfa Laval, a decision driven by private reasons. I will return to the Swedish truck company Scania and take up a Group Management position from the beginning of September."

Editors note:

Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling. The company's equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce foods and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol. Alfa Laval's products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications. Alfa Laval's worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena. Alfa Laval is listed on the Stockholm Exchange and, in 2003, posted annual sales of about SEK 14 billion (approx. 1.5 billion euros). The company has some 9,400 employees.

For further information, please visit the Alfa Laval website at www.alfalaval.com

For more information please contact: Peter Torstensson, VP Communications Phone: +46 46 36 72 31

Per-Erik Lindquist, Executive Vice President Phone: +46 46 36 72 08

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