EQT acquires remaining 50% of shares in Duni

EQT Northern Europe Ltd ("EQT“), the Investment Manager of the EQT Northern Europe private equity fund, has acquired 50% of the shares in Duni AB from the Bonnier Group, which continues to concentrate on its media business.

Duni is now 100% owned by the EQT Scandinavia I fund, which acquired 50% of the shares in 1997 from the Bonnier Group, and the EQT Northern Europe fund. All necessary regulatory approvals have been received, and the transaction was completed on 27 September 2001.

The Duni Group is a global market leader in concepts, services and products that enhance the eating and drinking occasion. The Company manufacturers and markets high quality products for the high-end tabletop and serving industries (with products such as napkins, table-covers, single useable and rotable eating and serving products and candles) for the professional, retail and travel markets. The Company had sales of over SEK 6.6 billion in 2000. It has operations in 30 countries and employs approximately 4,700 people. Key manufacturing sites are located in Sweden, Germany, Benelux, Thailand and the US.

Claes Dahlbäck, Chairman of the Investment Committee of EQT Northern Europe comments: "We are very excited about this opportunity to invest further in Duni. The new impressive management, led by Hans von Uthmann, has achieved strong results, and we believe there are substantial opportunities for further growth. Significantly, we believe that Duni's excellent brand name, combined with its strong competitive position provides Duni with a promising platform for future growth and value creation".

Hans von Uthmann, President and CEO of Duni: "We are very pleased to see EQT's continued strong commitment to Duni. We believe that their active ownership and strong industrial network will be an important contributor in our ambitions to build a world-class company."

Göran Lundberg, former Executive Vice President of ABB, has been appointed Chairman of the Board of Directors of Duni. The senior debt is arranged and underwritten by Commerzbank AG, SEB Merchant Banking and Svenska Handelsbanken AB, and the mezzanine debt by Intermediate Capital Group PLC and SEB Merchant Banking.

For further information please contact:

Mr. Claes Dahlbäck
Chairman of the Investment Committee of EQT Northern Europe,
tel. +31-20-577 6657

Mr. Göran Lundberg
Chairman of the Board of Directors, Duni,
tel. +46-70-922 3800

Mr. Andreas Tallberg
Senior Partner, EQT Partners,
tel. +358-40-700 2252

Mr. Hans von Uthmann
President and CEO, Duni,
tel. +46-8-402 1300 or +46-70-288 0359

EQT is a group of private equity funds with equity commitments exceeding
EUR 3 billion and is sponsored by Investor AB, the publicly listed holding
company of the Wallenberg foundations. Since its inception in 1994, EQT has
successfully concluded investments in 25 companies and made 6 exits.

EQT Partners, acting as investment advisor to all EQT funds, has offices in
Stockholm, Copenhagen, Helsinki and Munich. EQT realises its business concept
by acquiring and developing high-quality medium sized companies in Northern
Europe. EQT serves as an active owner and works in close co-operation with the
management of the companies it acquires, to develop and implement
value-enhancing strategies.