Pergo Board Makes Proposals for Annual Meeting

Trelleborg, Sweden, March 24—The Pergo Board of Directors for its upcoming Annual General Meeting, has made the following proposals: · that the General Meeting authorizes the Board of Directors to decide to issue new shares to HW Industries in connection with the merger with Witex AG. · that the General Meeting decides on a stock options program constituting a debenture issue associated with warrants for new subscription, approval of the transfer of warrants and the issuance of personnel stock options to senior executives and key managers in the Pergo Group. The shareholders in Pergo AB are invited by the Board of Directors to attend the Annual General Meeting on Tuesday April 22, 2003 at 3.00 p.m. at the firm's headquarters in Trelleborg, Sweden. Shareholders who wish to attend the General Meeting: · must be recorded in the share register maintained by the Swedish Securities Register Centre ("VPC") as of Saturday April 12, 2003. · notify the company of their intent to attend the General Meeting by noon Monday April 14, 2003 at: Pergo AB (publ), Att: Victoria González, "General Meeting", P.O. Box 1010, SE-231 25 Trelleborg, Sweden, by e-mail: victoria.gonzalez@pergo.com, by fax +46 410-36 34 32 or by phone +46 410-36 33 76. Shareholders who have placed their shares in trust must temporarily re-register the shares in their own names to allow them to participate in the General Meeting.