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RNS Number:5071C
Perstorp AB
24 April 2001


Perstorp AB's Board recommends acceptance of offer from Industri Kapital

In a press release issued on March 22, Industri Kapital announced a public offer
through Sydsvenska Kemi AB ("Sydsvenska Kemi") to the shareholders and holders
of convertible debentures of Perstorp AB ("Perstorp"). Sydsvenska Kemi is owned
by Industri Kapital's private equity fund Industri Kapital 2000.

Sydsvenska  Kemi's  proposed offer to holders of Series B and Series A shares
consists of the following components:

    *  SEK 71 per Series B share and SEK 82 per Series A share in cash; and,

    *  A zero-coupon debenture due 2011 issued by Sydsvenska Kemi with a nominal
       value of SEK 51 per share, which, assuming a 12% required return, equates
       to a present value of SEK 16.50 per share.

Shareholders in Perstorp who, at March 21, 2001, held 99 or fewer shares
can receive a pure cash payment of SEK 87.50 per B-share and SEK 98.50
per A-share for all shares held. The Board of Directors has proposed a cash
dividend of SEK 2.00 per share for fiscal year 2000, which will be deducted
from the offer prices, if paid to other else than Sydsvenska Kemi AB.

Sydsvenska  Kemi's offer is conditional upon, among other things, the  demerger
of  Pergo  AB,  whose  shares  Perstorp is proposing  to  distribute  to  its
shareholders, assuming that the shareholders vote in favor of such  distribution
at the Annual General Meeting to be held on June 12, 2001.  Accordingly,  the
Perstorp shareholders will, in addition to the aforementioned offer amounts,
retain their participation in Pergo.

Sydsvenska Kemi's proposed offer to holders of Perstorp's 1996/2001
convertible debentures with a nominal amount of SEK 88.90 ("convertible
debentures") consists of SEK 23.10 in cash, in exchange for a waiver of
conversion rights. The holders of convertible debentures waiving their
conversion rights will receive, regardless of whether or not they accept
Sydsvenska Kemi's offer, the nominal value of SEK 88.90 (plus accrued
interest) from Perstorp on May 15, 2001. The consideration from Sydsvenska
Kemi together with the nominal value amounts to SEK 112.00 in cash, but
those holders accepting the offer and waiving their conversion rights will not
receive a participation in Pergo. Holders of convertible debentures should
note that the last day for conversion is April 30, 2001 and that the loan is due
for repayment on May 15, 2001.

Sydsvenska Kemi's offer is also subject to Sydsvenska Kemi receiving all 
necessary regulatory approvals no later then June 25, 2001 and the offer  being 
accepted to such an extent that Sydsvenska Kemi  becomes the  owner of shares
representing more than 90% of the total number of shares and more than 90% of
the voting rights, for all shares (though Sydsvenska Kemi reserves the right to
complete the offer at  a  lower level  of  acceptance).  It  should be noted
that  Sydsvenska  Kemi's offer is not conditional on financing.

AB  Custos,  Nordea  mutual  funds,  SEB  Fondforvaltning  AB, Fourth AP-fund, 
SIF,  Second  AP-fund, First AP-fund, Third  AP-fund,  Sixth AP-fund, Alecta
(formerly SPP), Vera Boning via companies, Bo Ursing, Wilhelm  Wendt, Karl
Lennart Wendt och Carl Henrik Wendt who hold  shares together representing
around 65% of the shares capital and around  75% of  the  voting rights in
Perstorp have expressed their support and intend to accept The Offer.

In  order  to  create  conditions  for shareholders  and  holders  of
convertible  debentures  to  make a more  informed  decision  regarding
Sydsvenska  Kemi's  offer, the Board of  Directors  of  Perstorp  has
decided to issue the following recommendation.

Recommendation of the Board of Directors of Perstorp

The  Board of Directors has evaluated the offer from Sydsvenska  Kemi
and has unanimously resolved to recommend that the  shareholders  and the 
holders of convertible debentures accept the offer on the stated terms  and 
conditions and during the stated subscription  period.  The Board is giving its
recommendation despite the fact  that  it  cannot make  any assessment of the
future value of the zero-coupon debenture. The   Board's  recommendation  is 
supported  by  a  fairness  opinion submitted by Perstorp's financial adviser,
Morgan Stanley and a  second  opinion  from  the  financial  adviser  Alfred 
Berg  mainly  based  on  material from Morgan Stanley.

In connection  with  its  evaluation of the offer, the Board has considered the
following:

           - During recent years, Perstorp has streamlined its operations in
             order to focus on activities where it has a competitive advantage  
             and can thus create shareholder value. The recently announced      
             reorganisation of the Chemicals business and the proposed spin-off 
             of Pergo, represent the logical continuation of this strategy and  
             the Board of Directors believes that the separation of the         
             consumer-oriented flooring business from the specialty chemicals-  
             focused chemicals business will position both entities for growth  
             in the future.

           - Despite the  good  prospects  for  Perstorp  as  a  specialized
             chemicals  company, the Board of Directors is of the opinion that
             the  increase in value that Perstorp can create in the foreseeable
             future  is  unlikely  to  equal that being  offered  by  Sydsvenska
             Kemi.

Christer Gardell, Karl Lennart Wendt and Wilhelm Wendt, members of the Board  of
Directors, did not take part in the Board's decision regarding  the  offer  due
to their participation in the negotiations between  Sydsvenska Kemi AB and major
shareholders  that  preceded  the offer.

Perstorp's Chairman, Urban Jansson, makes the following comment on the offer:

"Although  Perstorp's  continued  evolution  into  a  focused, highly
specialized chemicals company has positioned the company well for the
future,  Sydsvenska Kemi's offer represents an opportunity to accelerate
Perstorp's growth through the combination of Perstorp's operations  with
those of Oxo Holding AB and enable Perstorp and its employees to  build a
leading chemicals company based in the Nordic region."

April 24,2001
Perstorp AB
Board of Directors

For further information:  Urban Jansson, Chairman  of  the  Perstorp Board, 
tel: +46 435 386 06

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