Ad hoc Press Release: Sales Contract for Hunsfos signed

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------

As part of their announced strategic re-orientation, focussing on
clay-coated speciality grade papers, Cham Paper Group has signed a
contract for the sale of their Norwegian company, Hunsfos Fabrikker
AS.

Hunsfos Fabrikker AS manufactures approximately 50 000 tonnes per
annum of uncoated speciality grade papers. The new owner is the
German company Bavaria Industriekapital AG, an industrial holding
concern, active in e.g. Germany, Italy, France and Switzerland. This
acquisition will complement Bavaria Industriekapital AG's existing
industrial holdings. The sales contract comprises the sale of 100% of
the shares for the mill and operations of the Norwegian profit
centre. It has been agreed between the parties not to disclose the
sales price. The contract will come into effect during the month of
December 2008. Bavaria Industriekapital AG will continue and even
expand the mill's paper-making activities. All existing supply
contracts and obligations will be respected by the new owners.
Personnel will continue to work to existing terms of employment.

Non-operational land reserves in Hunsfos and the shares held in
Saetersdalen are not included in the sale and are to be sold in a
second phase.

The sale of the Hunsfos mill will lead to an anticipated non-cash
bookkeeping loss of approximately CHF 19 million which will be
included in the results for the current period. The loss does not
take into account potential profits from the sale of land and the
shareholding. Net debt of Cham Paper Group will be reduced through
the sale by approximately CHF 8 million.

You will find this Press Release in the attached PDF-File.

--- End of Message ---

Industrieholding Cham AG
P.O. Box Cham Switzerland

ISIN:
CH0001931853; Index: SPI, SSCI, SPIEX;
Listed: Main Market in SWX Swiss Exchange;
Copyright © Hugin AS 2008. All rights reserved.