NOTE appoints Arne Forslund as new President & CEO

NOTE's board today appointed Arne Forslund as NOTE's new President & CEO as of 1 November 2005.

NOTE's board has appointed Arne Forslund as the company's new President & CEO.
Arne Forslund has held senior positions in the field of trade and industry, with Danaher Motion, Ortivus and Siemens-Elema, and most recently at Teleflex Morse as Operations Director Europe. Arne Forslund is replacing Kjell-Åke Andersson, who will be at management's disposal.

"Totally in line with our long-term plan we have sought and now found a good replacement for Kjell-Åke Andersson, who has done good work in consolidating the group. We are now proceeding, and in Arne Forslund we are getting a leader with a clear focus on growth who we believe can continue positive development of the group," says Sten Dybeck, the chairman of NOTE AB's board.

"Managing a growth company such as NOTE is a challenge," says Arne Forslund.
"NOTE has a modern business model, and I will be continuing to work in accordance with the guidelines set by the board. I also hope my international experience will come in handy."

"I'm reckoning on the first stage of consolidation being completed by 1 November. It will then be a good time for Arne to take over at the helm, and he will have the opportunity to continue to develop NOTE," says Kjell-Åke Andersson.

The previously announced forecast of a turnover of SEK 1,500-1,600 million for 2005 still applies, as does the long-term margin target of (EBT) 6%.

For further information, please contact
Sten Dybeck, Chairman of the board NOTE AB, Tel. +46 (0)708-55 18 00
Kjell-Åke Andersson, current President & CEO NOTE AB, Tel. +46 (0)708-608 123
Marina Filipsson, Vice President Investor Relations NOTE AB, Tel. +46 (0)709-50 80 72

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