Pfleiderer Reaches Nearly 99% of Pergo Shares

Munich, Germany, March 14, 2007--By the end of the extended acceptance period and including shares acquired in the open market, Pfleiderer Sweden's said its holding in Pergo have reached approximately 99 per cent of the shares and votes in Pergo.

 

Following settlement for shares tendered in the extended acceptance period, the total number of shares in Pergo owned by Pfleiderer Sweden will, including shares acquired by Pfleiderer Sweden in the open market, thus amount to 52,965,933 shares, representing 98.87 per cent of the total number of shares and votes in Pergo.

 

Settlement for shares in Pergo duly tendered during the extended acceptance period ending 9 March 2007 is expected to begin on or about 16 March 2007.

 

On 6 March 2007, Pfleiderer Sweden initiated a mandatory redemption proceeding in order to acquire the remaining shares in Pergo. In addition, on 12 March 2007 the Stockholm Stock Exchange announced that the last trading day for Pergo shares would be 30 March 2007, following the application by Pergo's Board of Directors to delist of the company's shares.


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