Offer Update

RNS Number:4478F
Perstorp AB
18 June 2001


Sydsvenska Kemi to complete takeover of Perstorp

Sydsvenska Kemi announced today that all of the conditions for the company's
takeover offer of March 22, 2001 to holders of shares and convertible debentures
issued by Perstorp AB have now been fulfilled.  Accordingly, Sydsvenska Kemi has
stated that it will complete the takeover offer and implement the acquisition of
Perstorp.

Settlement accounting will commence on June 25, 2001, which will also be the
first date of trading on Stockholmsborsen - SOX (the Stockholm Exchange) in
debentures issued by Sydsvenska Kemi.

The final acceptance date for the offer has been extended to 5 p.m. on July 4,
2001, in order to provide holders of the shares still outstanding with an
opportunity to accept the offer.  It is estimated that settlement accounting for
these shareholders will commence on July 13, 2001.  Sydsvenska Kemi intends to
initiate compulsory redemption of the Perstorp shares outstanding in the near
future.  Information regarding when Perstorp shares will be delisted from
Stockholmsborsen and SEAQ International in London is expected to be announced
after consultation with the two exchanges has been completed.

For further information, please contact Corporate Communications 
tel [phone]

June 18, 2001
Perstorp AB
Corporate Communications