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Exel Oyj's Annual General Meeting and financial calendar in 2005

EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 16.12.2004 at 12.30 1(1) EXEL OYJ’S ANNUAL GENERAL MEETING AND FINANCIAL CALENDAR IN 2005 Exel Oyj’ s Annual General Meeting will be held on Wednesday 14 April 2005 at 10.00 am in the Marski room of the World Trade Center at Aleksanterinkatu 17, Helsinki, Finland. Exel will publish its financial statement bulletin on Thursday 24 February 2005 at approximately 11 am and its Annual Report on week 10. In 2005 Exel will publish interim reports as follows: - January – March on Tuesday 3 May 2005 at approx. 11 am - January – June on Tuesday 26 July 2005 at

Veidekke Awarded New Opera House Contract

Statsbygg (the Norwegian Directorate of Public Construction and Property) has today signed a third contract with Veidekke Entreprenør AS for construction work on the new Opera House in Oslo. This contract is a result of negotiations following the tender competition and has a value of approximately NOK 152 million excluding VAT.This is the third contract for the new Opera House that Statsbygg has awarded to Veidekke. The first contract, which covered ground and foundation work, had a value of approximately NOK 207 million excluding VAT. The second contract, for the substructures, had a value

Exel Oyj's Annual General Meeting and financial calendar in 2005

EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 16.12.2004 at 12.30 1(1)EXEL OYJ’S ANNUAL GENERAL MEETING AND FINANCIAL CALENDAR IN 2005 Exel Oyj’s Annual General Meeting will be held on Wednesday 14 April2005 at 10.00 am in the Marski room of the World Trade Center atAleksanterinkatu 17, Helsinki, Finland. Exel will publish its financial statement bulletin on Thursday 24February 2005 at approximately 11 am and its Annual Report on week 10. In 2005 Exel will publish interim reports as follows: - January – March on Tuesday 3 May 2005 at approx. 11 am - January – June on Tuesday 26 July

TeliaSonera to build Sweden's largest IP network

Next year a brand-new IP-based communications network will link all 3,650 representatives for the gaming company Svenska Spel in Sweden. The network will be the largest of its kind to be built by TeliaSonera Sweden. The estimated value of the order is SEK 200 million.When the IP network is ready in the autumn of 2005, it will be the largest data network in Sweden, measured in terms of the number of connection points. Representatives for Svenska Spel from Karesuando in the far north of Sweden, to Smygehamn in the south, will be connected online to a nationwide network. The agreement with

Telelogic Wins $2.2 Million Contract with Major American Automotive Supplier

Automotive Tier 1 supplier adds Telelogic DOORS® to its earlier investment in Telelogic SYNERGY™ for their application lifecycle solutionMALMÖ, Sweden – December 16, 2004 – Telelogic, (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced a $2.2 Million licensing and maintenance agreement with a leading American automotive tier 1 supplier. The company is a world leader in mobile electronics, transportation components and systems technology. The three-year contract will see Telelogic DOORS deployed to 500 electronic

Leading Mobile Communications Manufacturer Invests €532,000 in Telelogic's Requirements Driven Development Solution

Telelogic DOORS and Telelogic TAU Generation2 selected to provide a world leading mobile communications manufacture with requirements driven developmentMALMÖ, Sweden – December 16, 2004 – Telelogic, (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced a €532,000 license and maintenance deal with a world leading mobile communications manufacture. The 3 year deal will see the deployment of Telelogic DOORS and Telelogic TAU Generation2 in conjunction with previous investments in TAU Generation1 across the

Nominating Committee has been appointed in Observer AB

In accordance with the decision taken on Observer’s Annual General Meeting on May 4, 2004, the following have been appointed members of Observer’s Nominating Committee: Caroline af Ugglas, Skandia Liv Björn Lind, SEB Fonder Örjan Håkanson, Chairman of Observer’s Board of Directors, (convener of the committee) The committee has amongst themselves appointed Örjan Håkanson Chairmain of the committee. Shareholders are welcome to contact any member of the Nominating Committee with suggestions, ideas and proposals for the constitution of the Board before the Annual General Meeting 2005. Observer

Fortum's shareholders' nomination committee representatives

Fortum Corporation Stock Exchange Release 1 (1) 16 December 2004Fortum's shareholders' nomination committee representatives Fortum's Annual General Meeting, held on 25 March 10042004, appointed aestablished a Nomination Committee to prepare proposals concerning board membersand their emoluments for the following Annual General Meeting. The NominationCommittee will consist of the representatives of three biggest shareholders andthe Chairman of the Board of Directors as an expert member. The following persons have been appointed to Fortum's

YIT starts up residential construction in the City of Moscow

YIT starts up residential construction in the City of MoscowYIT has signed an investment agreement on a plot in the Mozhaisk region in western Moscow. YIT’s strategy is to expand its residential production in Russia and the Baltic countries. In 2004, the construction of about 3,600 residential units was started up in these regions. The scale of operations has been large in St. Petersburg and the environs of Moscow - at the end of 2004, about 3,500 residential units are under construction. With this agreement, YIT will now also begin residential production in the City of Moscow.The City of

VALLVIK MILL TO CONCENTRATE PRODUCTION ON TWO PULP GRADES

Vallvik Mill, part of the Rottneros Group, is to concentrate its production of paper pulp on the bleached product ECF and on UKP, which is entirely unbleached. Production of TCF pulp will gradually reduce, ceasing entirely from the beginning of 2006.The change is partly due to efforts to concentrate production at Vallvik Mill on fewer main products, and partly to the fact that demand for TCF pulp has reduced significantly in recent years and now accounts for only approximately 10 percent of Vallvik’s total production of around 200,000 tonnes. The uses of ECF include the production of

Notification regarding repurchase of SEB shares

On 1 April 2004, the Annual General Meeting resolved to authorise the Board to decide on the acquisition of own shares in order to facilitate an effective management of the Group's capital and to hedge the outstanding employee stock options. The acquisitions may take place during the period until the ordinary Annual General Meeting in 2005.   As of December 15, 2004 SEB has repurchased 31,180,000 Class A and 4,078,600 Class C shares increasing its holdings to 5.0044 per cent. Repurchase of shares for effective capital management amounts to 15,858,600 and for employee stock options to

Truck deliveries January-November 2004

Total deliveries of trucks from the Volvo Group’s three truck companies increased 24% through November this year, compared with the year-earlier period. Deliveries from Mack rose 33%, while deliveries from Renault Trucks were up 16%. Deliveries from Volvo Trucks increased 28% during the period.“The very high pace of deliveries continues in all markets. Our market projections remain valid, but in November we did note a lower order intake in Europe”, says Volvo CEO Leif Johansson. During the past 12 months, order bookings for the Group’s truck operations were 37% higher compared with the

Atlas Copco: Tom Zorn appointed Business Area Executive for Rental Service

Stockholm, Sweden, December 16, 2004: Effective January 1, 2005, Tom Zorn has been appointed Business Area Executive for the Rental Service business area, and CEO for Rental Service Corporation. He succeeds Freek Nijdam, who will remain in the position as Chairman of the legal operation.Tom Zorn joined Rental Service Corporation in June 2003 and has, since July 1, 2004, been heading the regional operations of the business area as Chief Operating Officer. In his new position, Zorn will be a member of Atlas Copco’s Group Management. “Tom Zorn has a deep knowledge of and a long experience from

AB Volvo announces repurchase of 300,000 B shares and 15,000 A shares

Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Wednesday, December 15, acquired 300,000 series B shares. The shares were traded between SEK 269.50 and 272.00 with an average price of SEK 270.63. And has acquired 15,000 series A shares. The shares were traded between SEK 259.00 and 260.50 with an average price of SEK 259.93.On June 17, 2004, the Board of AB Volvo decided to acquire through purchase on Stockholmsbörsen (Stockholm Exchange) a maximum of 22,076,045 Series A and/or Series B shares, however,

Announcement of prospectus and offer to the shareholders of CSE

On November 15, 2004, OMX AB (publ) (“OMX”) and Copenhagen Stock Exchange A/S (“CSE”) announced plans to combine the operations of the two companies. The Board of Directors of both OMX and CSE have now, for its respective parts, approved the prospectus setting forth the terms and conditions of the offer being made to the shareholders of CSE (the “Offer”).   The prospectus, including an acceptance form, will be made available in English and Danish on December 17, 2004 and be distributed by mail to all registered shareholders of CSE, other than those resident in the United States, Canada,

Vasallen buys Mandator's project management tool

Swedish state property company, Vasallen, has chosen Mandator's project management tool, CENIT. The deal is worth approx. SEK 1.1 million.CENIT will be used as a complete tool for managing Vasallen's projects, including construction, conversions, and extensions. Implementation will start right away. It is estimated that the final operational installation will take place in the middle of 2005.CENIT will give Vasallen simpler and better financial management of ongoing projects, plus the opportunity for swifter and more accurate forecasts. The entire group will do its accounting in one

OUTOKUMPU RAISES EUR 103 MILLION IN SALE OF BOLIDEN SHARES

OUTOKUMPU OYJ STOCK EXCHANGE RELEASE December 16, 2004 at 8.00 amOUTOKUMPU RAISES EUR 103 MILLION IN SALE OF BOLIDEN SHARES On November 30, Outokumpu Oyj announced its intention to launch anoffering (the "Outokumpu Offering") of up to 37 000 000 shares inBoliden AB (publ), in coordination with a directed issue by Bolidenof new shares to institutional investors (the "Boliden Offering",and, together with the Outokumpu Offering, the "Combined Offering").The Outokumpu Offering included 10 000 000 shares in the form of anover-allotment option granted to the managers of the Combined

Stora Enso?s Intercell deal completed

STORA ENSO OYJ Stock Exchange Release 15 December 2004 at 18.00Stora Enso’s Intercell deal completed Stora Enso has closed its previously announced acquisition of66% ownership of the Polish packaging producer Intercell S.A.from private shareholders and the International FinanceCorporation. The transaction was concluded following approval byregulatory authorities. The acquisition is part of Stora Enso’sstrategy of expanding its Packaging Boards operations, and willstrengthen its presence in the fast-growing Polish market. Mr. Jerzy Janowicz will remain Managing Director of Intercell.

Financial information from SWECO

SWECO share quoted on Attract 40 SWECO has qualified for quotation on the Attract 40 segment of the Stockholm Stock Exchange’s O list with effect from 1 January 2005. Financial information in 2005 In 2005 SWECO AB will publish financial information on the following dates: Year-end report for 2004 8 February Annual General Meeting 20 April Interim report January – March 2005 20 April Interim report January – June 2005 26 July Interim report January – September 2005 25 October SWECO is the Nordic region’s leading consulting company in the fields of engineering, environmental technology and

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Extraordinary General Meeting of OMX shareholders

In conjunction with the offer to the shareholders of Copenhagen Stock Exchange (CSE), the Board of Directors of OMX has today decided to call an Extraordinary General Meeting of shareholders to take place on February 3, 2005 at 16.00 CET at the OMX office on Tullvaktsvägen 15 in Stockholm, Sweden. At this meeting, the Board of Directors of OMX will, among other things, present a proposal to OMX shareholders regarding a mandate to authorize to the Board to issue new shares as consideration in the offer to the shareholders of CSE. On December 1, 2004, OMX and CSE signed and presented an

M-REAL SIGNED EUR 500 MILLION SYNDICATED LOAN AGREEMENT

M-real Corporation Stock Exchange Bulletin 15.12.2004 at 4.45 p.m.M-REAL SIGNED EUR 500 MILLION SYNDICATED LOAN AGREEMENT M-real Corporation has today signed a EUR 500 million syndicatedrevolving credit facility agreement. The facility replaces facilityagreement of EUR 700 million signed in 2000. The term of the facilityis five years and the mandated lead arrangers are Barclays Capital,BNP Paribas, Commerzbank, Danske Bank, and Nordea. The amount ofbanks participating in the transaction is 21. M-REAL CORPORATION Corporate Communications For additional information contact M-real´s

Medical Products Agency permit a Phase II clinical trial with the Diabetes vaccine Diamyd™ in children who have recently succumbed to insulin-dependent diabetes

Diamyd Medical (O-listan) will immediately begin studies in a new treatment area for their diabetes therapeutic/vaccine Diamyd™. The Swedish MPA in Uppsala and the regional ethical committee in Linköping have agreed to a Phase II clinical study involving 70 children and adolescents who have recently succumbed to insulin-dependent, type 1 diabetes. The purpose of the study is to investigate if the remaining pancreatic insulin-producing beta cells can be saved through two immunizations of Diamyd™. This could lead to remission of disease, i.e. that the requirement for external insulin injection

Saab wins RBS 70 order from Czech Republic

Saab Bofors Dynamics AB has won another contract for the RBS 70 Air Defence Missile System, this time with the Czech Armed Forces as the end customer. The order is worth MSEK 204 to Saab.“In the past three years we have sold RBS 70 systems worth a total of over one billion SEK. This shows that the system is well adapted to meeting different customers’ demands for modern anti-aircraft defence, and is performing well in tough international competition,” says Tomas Samuelsson, President of Saab Bofors Dynamics. Saab Bofors Dynamics won the contract for the RBS 70 in competition with other

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