November sales SEK 10.1 billion

November sales SEK 10.1 billion 1) ) Sales in November Sales amounted to SEK 10.1 billion, compared with SEK 9.6 billion in October 2001. New sales of unit linked assurance New sales of unit linked assurance increased slightly in November compared with October. New sales through November were down 22 per cent compared with the same period a year ago. Sales through November Sales amounted to SEK 126.6 billion (191.4). Sales are reported exclusive of paid-in premiums to Skandia Liv, totalling SEK 13.6 billion (11.2), and discretionary management inflows for Skandia Asset Management. Of total sales, SEK 85.7 billion (130.5) pertains to unit linked assurance, SEK 32.2 billion (52.0) to mutual fund savings products 2) ), and SEK 7.1 billion (7.8) to direct sales of funds. USA In the USA, sales of variable annuities through November totalled USD 3.5 billion (7.8), and sales of mutual funds totalled USD 1.9 billion (3.8). Other markets In the UK, sales totalled GBP 2.5 billion (3.8). In Sweden, SkandiaLink's sales amounted to SEK 9.8 billion (9.8). Sales in New Markets totalled SEK 15.4 billion (15.6). Recalculated to average exchange rates, sales from January through November were favourably affected by currency movements in the amount of SEK 11.1 billion. 16 January 2002, December sales 2001 13 February 2002, Year-end report, 2001 For further information, please contact: Harry Vos, Head of Investor Relations, tel. +46-8-788 3643 Definitions of sales Sales Sales pertain to paid-in premiums and deposits in funds from Skandia's customers. New sales New sales pertain to single and regular premiums from unit linked contracts entered into in 2001, recalculated to full-year figures. According to industry practice, new sales are defined as regular premiums recalculated to full-year figures plus 1/10 of single premiums during the period. Appendix: Sales per month and exchange rates in 2001 and 2000 Sales per month Insurance Direct sales Total (SEK billion) and mutual of funds funds 2001 January 12.3 0.7 13.0 February 11.6 0.4 12.0 March 13.3 0.4 13.7 April 12.2 0.9 13.1 May 12.0 1.0 13.0 June 11.5 1.5 13.0 July 10.4 0.6 11.0 August 9.5 0.2 9.7 September 8.1 0.3 8.4 October 9.4 0.2 9.6 November 9.2 0.9 10.1 Total 119.5 7.1 126.6 Sales per Insurance Direct sales Total month and mutual of funds (SEK funds billion) 2000 January 16.7 0.7 17.4 February 18.7 0.4 19.1 March 23.9 0.6 24.5 April 18.5 0.5 19.0 May 17.4 0.4 17.8 June 15.3 0.4 15.7 July 14.1 0.5 14.6 August 14.6 0.6 15.2 September 14.0 0.6 14.6 October 15.5 1.5 17.0 November 14.9 1.6 16.5 Subtotal 183.6 7.8 191.4 December 14.0 1.5 15.5 Total 197.6 9.3 206.9 Exchan 2001 2001 2001 2000 2000 2000 2000 ge 30 31 Oct. 30 Sept. 31 Dec. 30 Nov. 31 30 rates Nov. Oct. Sept. SEK EUR Closing 9.57 9.58 9.72 8.86 8.70 8.48 8.52 rate EUR Average 9.29 9.26 9.22 8.45 8.43 8.41 8.39 rate GBP Closing 15.24 15.47 15.68 14.22 14.34 14.61 14.16 rate GBP Average 14.99 14.96 14.91 13.86 13.84 13.79 13.71 rate USD Closing 10.68 10.63 10.67 9.54 10.08 10.08 9.68 rate USD Average 10.42 10.40 10.37 9.17 9.13 9.03 8.92 rate JPY Closing 0.087 0.087 0.090 0.083 0.091 0.093 0.090 rate JPY Average 0.086 0.086 0.086 0.085 0.085 0.084 0.083 rate 1.All comparison figures pertain to the corresponding period a year earlier, unless otherwise indicated. 2.Includes SEK 1.3 billion (1.3) in discretionary management in Spain. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/11/20011211BIT00140/bit0002.doc http://www.waymaker.net/bitonline/2001/12/11/20011211BIT00140/bit0002.pdf

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