New appointment at Algol Chemicals Management

Fredrik Hansson has been appointed Sales & Marketing Director for Russia and
Ukraine as of 1 January 2007. Having joined Algol in 2003, Fredrik Hansson has
been acting as Area Manager for Russia and from 2005 also for Ukraine. He has
had an essential role in developing Algol Chemicals´activities in both
countries.

ZAO Algol Chemicals was established as a Russian subsidiary of Algol in 1996.
Today the company has offices and storage facilities in St. Petersburg, Moscow
and Yekaterinburg, and it is headed by Managing Director Yuri Ivanov. Algol
Chemicals expanded to Ukraine in 2005. Local operations of TOV Algol Chemicals
in Kiev are headed by Volodomyr Plakhotnyy.

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