KLIPPAN AB: New Chief Financial Officer


KLIPPAN, Sweden, Nov. 11, 2003 (PRIMEZONE) -- KLIPPAN AB:

Gunnar Nyqvist, MBA, (54) has been appointed as acting Chief Financial Officer/Head of Finance & IT Department with effect from November 10, 2003. Gunnar Nyqvist has held CFO positions within various Swedish companies and most recently as CFO of Becker-Acroma Group.

From the same date Kenneth Nellros will leave his position.

Ragnar Quarnstrom Managing Director

For further information please contact Ragnar Quarnstrom, Managing Director, tel +46 (0)435-291 01.

KLIPPAN is a leading producer of speciality graphic papers and operates three paper mills with a combined capacity of 200,000 tons per annum. The mills are located in Klippan, Lessebo and Molndal, all in the south of Sweden.

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