Stockholm, Sweden July 1, 2008 -- Ole Weiner, age 45, is appointed President and CEO of the AxFlow Group (AxFlow Holding AB) with the effect from August 1, 2008. Ole was employed in AxFlow as CFO in 2002 and was in addition Regional Manager of AxFlow East and AxFlow Nordic. Ole will keep these positions and also take up the position as Regional Manager Central.

Mats Karlsson is by the same date appointed new President and CEO of Axel Johnson International AB replacing Anders G. Carlberg who goes into retirement but keeps a number of Board assignments within the Axel Johnson Group. Mats will be new Chairman of AxFlow Holding AB.

AxFlow Holding AB is the holding company of the AxFlow Group of companies. AxFlow is active all over Europe and specialises in the marketing, distribution and provision of a complete sales engineering service for high quality, market leading fluid handling equipment. AxFlow is today Europe´s largest supplier of positive displacement pumps and the engineering is conducted for a wide range of complex process industries such as chemical & petrochemical, pharmaceutical, food & beverage, waste-water handling & power generation, and other process industries.

AxFlow's high standards of technical competence, service and integrity have contributed to steady growth since its establishment in 1989 and form the basis for future development. AxFlow represents world leading manufacturers of fluid handling equipment, and together we offer the highest value to customers. AxFlow's philosophy is to continue to enhance the range and scope of its services, and to offer customers full commitment and value from one source.

The AxFlow Group has an annual turnover of EUR 130 million and 400 employees and is a subsidiary of Axel Johnson International AB, Stockholm, Sweden.

For more information please contact:

Ole Weiner telephone +46 8 545 476 72

Mats R. Karlsson telephone +46 8 545 476 71

www.axflow.com