Rights Issue 2009

IMPORTANT INFORMATION

You are about to view web pages that are not intended for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, Japan or any other country where the release, publication or distribution of the information contained in the following web pages is subject to legal restrictions or where the offer or sale of the subscription rights, interim shares or new shares is not permitted.

Note: The information you are seeking to access in the following web pages is being made available by Billerud AB (publ) in good faith and for informational purposes only.

By clicking "Yes, I accept" you accept the terms of use below. You must read the following before continuing, and you are requested to read this notice carefully (it applies to all persons who view this web page) before reading, accessing or making any other use of the information on the following pages. In accessing the following web pages, you agree to be bound by the following terms and conditions. Please note that the terms set out below may be altered or updated and for that reason you should read them in full each time you visit this web site.

In certain jurisdictions, the publication or distribution of the information on the following pages may be subject to legal restrictions and all persons accessing these web pages should inform themselves about and abide by such legal restrictions.

The information on the following pages is not directed at or accessible by persons located in the United States, Australia, Canada, Hong Kong, Japan or in any other country where the offer or sale of the subscription rights, interim shares or new shares is not permitted. In addition, the information on the following pages may not be published or distributed, directly or indirectly, in or into, the United States, Canada, Australia, Hong Kong, Japan or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law. Nor may the information be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with these instructions may result in a violation of the United States Securities Act of 1933, as amended ("Securities Act") or laws applicable in other jurisdictions.

The information on the following pages does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in Billerud AB (publ). No subscription rights, interim shares or new shares will be registered under the Securities Act or in accordance with any provincial act in Canada and may not be transferred or offered for sale in the United States or Canada, or to persons resident in Canada or on account of such persons, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or in such exempt cases that do not require registration in accordance with any provincial act in Canada, respectively.

In order to view the information on the following pages, you must certify that you are not located in the United States, Canada, Australia, Hong Kong, Japan or any other country where such action is wholly or partially subject to legal restrictions and that you have read, understand and agree to comply with all of the restrictions set forth above. You may do so by clicking "Yes, I accept" below. If you are located in the United States, Canada, Australia, Hong Kong, Japan or any other country imposing such legal restrictions, you must click "No, I do not accept" below.

Last updated: 2012-05-31