Per-Olof Norberg leaves Kanthal's Board of Directors

Following discussions with Sandvik, Per-Olof Norberg has announced that he does not wish to be re-elected to the Board of Directors of Kanthal AB at the Annual General Meeting in May 1998.

Kanthal continues to have an agreement with Per-Olof Norberg which includes an understanding that he has agreed not to conduct any activities in competition with the company through end of 2002.

Sandviken, 13 March 1998