Judgment from Administrative Court of Appeal regarding tax dispute In a judgment in 2004, the County Administrative Court in Skåne County prescribed for Trelleborg AB deductions for a tax loss carryforward of about SEK 600 M that arose in conjunction with the divestment of operations in 1999. Following an appeal by the Swedish National Tax Board, the Administrative Court of Appeal in Gothenburg has changed the judgment of the County Administrative Court, with the effect that no deductions will be permitted for the loss. The value of the tax loss carryforward, which can be estimated at SEK 168 M, was not recorded earlier as an asset in the company's accounts. Accordingly, the Administrative Court of Appeal's judgment will have no impact on the company's income statement or balance sheet. Trelleborg intend to appeal the Administrative Court of Appeal's judgment in the Swedish Supreme Administrative Court. Further information can be obtained from Corporate Communications, +46 (0)410-670 00 or Claes Jörwall, Senior Vice President, Taxes and Group Structure, +46 (0)410-670 53, +46 (0)708-55 20 33. Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales 2006 of approximately SEK 27 billion, with about 24,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap. www.trelleborg.com This information is such that Trelleborg AB (publ) must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading (Market Abuse Penalties) Act. This information was submitted for disclosure on February 8, 2008.
Judgment from Administrative Court of Appeal regarding tax dispute
| Source: Trelleborg AB