<b>K-C Increases Stake in Australian Venture</b>

Kimberly-Clark Corp. is purchasing an additional 5 percent stake in its current 50/50 Australian joint venture, Kimberly-Clark Australia, for A around $39 million. The company and its joint venture partner since 1963, Amcor Limited, will exchange options for the purchase by K-C of the remaining 45 percent stake for $355 million within the next four years.

The transaction, which is subject to approval by the Australia Foreign Investment Review Board, is expected to close effective June 30, 2001. On closing, Kimberly-Clark will begin consolidating K-C Australia's results.