Alecta sells Celexa to Aberdeen Asset Management

Alecta sells Celexa to Aberdeen Asset Management Alectas wholly owned real estate investment management companies Celexa Fastighetskapital AB in Sweden, Celexa Real Estate Investment Management Ltd in Great Britain and Celexa Real Estate Investment Management BV in Holland have been sold to Aberdeen Asset Management PLC, Great Britain. The transaction is expected to be concluded in May 2001. The Celexa companies will continue to manage Alecta's real estate in Sweden, Great Britain, the Netherlands and Germany. The staff of the Celexa companies is around 220 people, of which 177 are in Sweden. Total assets under management are around 27 billion SEK of which more than 90 % is owned by Alecta. The management of Alecta's real estate in the US is not effected by this transacation. - This deal is a further step in the concentration and focusing of our business. Aberdeen is better suited than Alecta to continually develop the Celexa companies and will therefore give the Celexa staff better prospects. For Alecta as a client Aberdeen will be a very competitive business partner, says Lars Otterbeck, managing director of Alecta. Aberdeen Asset Management PLC is quoted on the stock exchanges in London and Singapore. Aberdeen manages around 28 billion pounds around the world. All asset classes are represented in their portfolio. Alecta has been advised in this process by Wiklund & Partner Finansiell Rådgivning in Stockholm. For further information please contact: Lars Otterbeck, CEO, Telephone: +46 8 441 66 60 Cecilia Schön Jansson, Senior Vice President, Communications, Telephone: +46 8 441 93 50 or +46 70 526 93 50 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/17/20010417BIT00660/bit0001.doc http://www.bit.se/bitonline/2001/04/17/20010417BIT00660/bit0001.pdf

About Us

Alecta offers the occupational pension ITP – a pension that is paid for by the employer. We manage assets of almost SEK 420 billion. Our clients and owners are 27,000 companies and 1.6 million private individuals. Alecta’s assignment comes from the Confederation of Swedish Enterprise and the Federation of Salaried Employees in Industry and Services (PTK). Our cost-effective solutions and service allow employers to provide their employees with financial security both during and after their working lives. Through the disability insurance that is included in ITP, we can also increase client companies’ awareness of the correlation between health and profitability. We offer a financial security benefit that suits most people and seek to set the standard for high returns and low costs.

Subscribe