Holmen - Incentive scheme gets go-ahead

Holmen - Incentive scheme gets go-ahead

The Holmen Group's incentive scheme for its around 5,000 employees has now been
given the go-ahead, following today's approval by L E Lundbergföretagen's Annual
General Meeting. This decision followed a corresponding approval by Holmen's AGM
on 2 April. 

Under the scheme, Holmen's employees will be invited to acquire call options at
market price on Series “B” shares in Holmen. The maximum number of call options
to be issued will correspond to approximately 1.2% of the total number of shares
in issue and some 0.3% of the number of votes.

In accordance with the mandate received from Holmen's AGM the Board of Holmen
has decided to secure the company's commitments under the terms of the scheme by
buying back a maximum of one million of the company's own Series “B” shares. The
share buy-back is to be completed by no later than the 2009 AGM. On each
occasion the company buys back its own shares it will be at the prevailing
listed price subject to a deviation that is no wider than the spread between the
listed put and call prices on the market.

Holmen AB has a total of 84,756,162 shares in issue carrying 288,365,268 votes.
At present Holmen does not hold any of its own shares. 


In its capacity as issuer, Holmen AB is releasing the information in this press
release in accordance with Chapter 17 of the Swedish law (2007:528) regarding
the securities market. The information was distributed to the media for
publication at 4 p.m. CEST on Thursday 10 April 2008.