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RNS Number:4166Z
Perstorp AB
23 February 2001

                                                      
              Pergo invests USD 27 million in the US

As part of the ongoing technology shift in the laminate flooring
industry, Pergo has decided to invest approximately USD 27 million in its plant
in Garner,  North Carolina, in the United States. The investment includes new
production equipment and upgrades of existing production capacity. The
investment will increase the plant's flexibility with respect to the
manufacturing of various products, such as directly laminated glue-free
flooring. The investment also includes expansion of the current plant by 4,500
square meters and a new 17,000 square meter distribution center immediately
adjacent to the main plant.

Buildings account for about 50% of the total investment amount of USD 27
million, which is planned to be financed through leasing. The leasing
agreement will include the current property, with a positive cash
flow effect.

The investments are to be implemented gradually and are scheduled for
completion at the beginning of 2002. The current center, which
is situated about 20 kilometers from the plant, will soon have insufficient
capacity and is therefore being replaced by the new center. This will accelerate
the handling of finished products and reduce transport costs.

Pergo, which is part of the Perstorp, Group, has annual sales of SEK 3.7
billion, with 1,100 employees, including about 300 in the US. Perstorp AB's
Board of Directors intends to spin off Pergo to shareholders and list
the company on the stock exchange during 2001.

February 23, 2001
Perstorp AB
Corporate Communications:

For further information, please contact:
Corporate Communications, tel + 46 435 382 62
or Corporate Investor Relations, tel + 46 435 376 60

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