Binding offer for Georgia-Pacific’s European tissue business Jan Johansson, President and CEO

1 November 2011

Offered price: EUR 1.32bn

Already in year one the transaction is estimated to contribute to an increase of earnings per share and cash flow

With fully realized synergies earnings per share are expected to increase with approx. SEK 1.70

Georgia-Pacific´s acceptance of this offer is subject to consultations with works councils where appropriate

The transaction will be subject to customary consultation with employee representatives and will also be subject to approval by relevant competition authorities

2 November 2011

Binding offer for Georgia-Pacific’s European tissue operations

Binding offer for Georgia-Pacific’s European tissue operations

Creates a leading European tissue company

Strengthens our product offering and geographic reach in Europe

Enhances our presence in key markets

Good strategic fit in AFH tissue

Substantial synergies

Increased share of branded sales in our consumer tissue portfolio

3 November 2011

Sales: EUR 1.25bn* Consumer tissue, approx. 60% AFH tissue, approx. 30% Personal care, approx. 5%

EBIT margins on similar level as SCA’s tissue business Market positions

Consumer tissue, 11% market share AFH tissue, 10% market share

Well-known Lotus brand for AFH tissue and consumer tissue

Approx. 5,000 employees

15 manufacturing sites in 7 countries

670,000 tonnes annual tissue capacity

Georgia-Pacific’s European tissue operations

4 November 2011

* Italy and Turkey are not included in the binding offer

Substantial synergies

Annual synergies: EUR 125m

Improves Tissue EBIT margins by 2-2.5 percentage points

Full effect in 3 years after closing

Related costs: EUR 130m

Increased supply chain efficiency Optimization of logistics

More efficient sourcing

Improved SG&A and A&P efficiency

5 November 2011

25%

Enhances SCA’s presence In both Consumer tissue and AFH tissue

35%

European Consumer tissue market

European AFH tissue market

SCA

SCA and GP

19% 30% SCA

SCA and GP

6 November 2011

Increased share of branded sales In Consumer tissue

SCA’s Consumer tissue sales

40% 50%

Branded

Branded

SCA

SCA and GP

7

Retailers’ brands

Retailers’ brands

November 2011