As previously announced, Michigan State legislatures have approved legislation to grant Billerud investment support of up to USD 200 million in funding to support Billerud's investment plans. Today, Michigan Governor Gretchen Whitmer signed the legislation, approving the Michigan Economic Development Corporation's (MEDC) appropriation of the funds.

Solid result with sizable contribution from North America ends an outstanding 2022
Key highlights Q4

• Organic* and currency neutral sales growth of 14%Adjusted EBITDA margin of 17% despite soaring cost inflation
• Solid operating cash flow and strong balance sheet
• Shift towards softer demand and declining sentiment
• The Board of Directors proposes an ordinary dividend of SEK 5.50 per share (4.30) and an extraordinary dividend of SEK 2.00 per share (-)

For 2022, Billerud received even more points than last year and thus retains its position as one of the world's most sustainable companies in its industry sector. This year's results from the globally recognized Dow Jones Sustainability Indices show that Billerud continues to be one of the leading companies in the Containers & Packaging category.

Ivar Vatne has been appointed Deputy CEO of Billerud. He retains his current role as Chief Financial Officer (CFO).