Pergo announced months ago that an agreement had been signed whereby Pergo would acquire all HW Industries GmbH & Co. KG’s shares in Witex Ag through a directed share issue of 20 percent in Pergo and a cash consideration of 6 million Euros.

A decision on the acquisition has been postponed, since financing has not yet been secured in a manner acceptable to both parties. The parties have together decided to postpone the closing of the transaction, according to Pergo.

More information will be announced at the beginning of May 2003, Pergo says.