New head of Investment Management at Alecta

New head of Investment Management at Alecta Staffan Grefbäck, aged 46, has been appointed as the new head of Investment Management at Alecta, formerly Försäkringsbolaget SPP, ömsesidigt. Staffan Grefbäck will take up his new position as President of Alecta Kapitalförvaltning AB on 1 October 2001. Staffan Grefbäck has worked in the present Nordea Group's asset management company since 1987 in a number of leading positions. In 1995- 1998 he was President of Nordbanken's fund company and investment manager. He has been President of Nordea Kapitalförvaltning AB with 130 employees and head of the long-term savings business unit since 1998. Sverker Praski, 56, Alecta's current head of Investment Management, will take up a newly established position on 1 October where, reporting directly to the President of Alecta, Lars Otterbeck, he will be responsible for long-term and strategic analyses of Alecta's investments. Sverker Praski has worked within the SPP/Alecta Group since 1991 as Chief Strategist until April 2000 when he succeeded Anders Ek as president of Alecta Kapitalförvaltning AB. For further information, please contact: Lars Otterbeck, CEO, +46 8 441 66 60 Cecilia Schön Jansson, Senior Vice President, Corporate Communications, +46 8 441 93 50 or +46 70 526 93 50 ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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.