Saurer Group Acquires M&J Fibretech

The Saurer Group, Switzerland, has purchased Denmark-based M&J Fibretech A/S, an engineering
company that designs and supplies airlaid systems. Germany-based Neumag, a Saurer Group company, is
responsible for all nonwovens products.

“Airlaid is a process with extremely good prospects and perfectly supplements our ranges of
products and services, as it can be combined with our other spunbond process,” said Carsten
Voigtler, Ph.D., CEO, Neumag.

“With this purchase, we have expanded our solution competence in the nonwovens sector and
have strengthened our market position as a Total Solutions Provider,” said Heinrich Fischer, CEO,

April 2004