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Global economy to slow and US Dollar to fall further in 2005, but outlook favourable for European equity and fixed incom

ABN AMRO predicts global GDP growth will fall from 5% to 4% in 2005, as continued US Dollar (USD) weakness fuels European and Japanese currency strength, damaging export demand and exposing chronically low domestic spending levels in these regions. Despite the bleak macro economic environment, European equity markets are set to outperform relatively on stable interest rates, above average earnings growth and increased fund flows in Q1- the life assurance, telecom, utilities and energy sectors offering the most upside. European credit is also predicted to outperform on a carry basis, with

Telia's 3G network rated the best in Sweden - again

Telia’s new 3G network is the best in Sweden, according to a test conducted by “Mobil” magazine during the autumn. At the awards ceremony, it was noted, among other things, that Telia’s network quality is more even, compared with the 3G networks of other operators in Sweden.“The results of Mobil magazine’s test showed that Telia has maintained its No. 1 position – for the fourth year in a row – as Sweden’s leading provider of mobile services,” says Jörgen Latte, Executive Vice President of TeliaSonera Sweden. Mobil magazine tested how easy it was to call with a 3G mobile phone in cities and

REZIDOR SAS CONTINUES EXPANSION IN SAUDI ARABIA RADISSON SAS TO MANAGE RESORT IN HOLY CITY OF MADINAH

Jeddah, 1st December 2004… Radisson SAS, the first-class brand of the leading hospitality company Rezidor SAS, is set to manage a fourth property in the Kingdom of Saudi Arabia – the Al Madinah Paradise Radisson SAS Resort.The resort, in one of Islam’s holiest cities, is due to open in mid 2007 and will feature 212 luxurious guestrooms as well as 10 villas. Just seven kilometres from the Haram, or the Mosque of the Prophet, the Al Madinah Paradise Resort is surrounded by a beautifully landscaped hillside and open mountain views. The architectural style incorporates natural materials and

Contract for second stage of EKE Group's Sundsberg Kartanonranta housing development agreed

01/12/2004Finnforest will supply 119 modern wood-built homes for the new residential areaon the Finnish coast at Sundsberg, about 25 km west of Helsinki The Finnish EKE Group has placed Finland's biggest single order for wood-builtfamily houses to date, as part of its Sundsberg residential developmentproject. Finnforest will supply the buildings, and Finnforest's modularbuilding business unit at Hartola will produce the 119 new homes in a total offive different designs. The floor areas of the individual homes vary from 85 to147 square metres. The agreement that has now been concluded

"Top ten" in mobile phone sales at Telia's stores in November

With five phones on the “top ten” list, Sony Ericsson maintained its strong position among the best-selling mobile phones in Telia’s retail stores in Sweden. The Nokia 3310 and 3510i captured the No. 1 and No. 2 positions because of low-cost Telia Refill package deals for which Telia was granted the exclusive right to sell the last volume of Nokia 3310s (a model that is being discontinued), with Refill prepaid cards, at a price of SEK 495 each. Two “Christmas present phones” can also be seen among the best sellers on the list – the Sony Ericsson K500i and Samsung SGH-E330, which are being

Telia reduces rates for mobile broadband

Telia is reducing the rates for the Telia HomeRun mobile broadband service by up to 40 percent. With the new reduced prices, subscribers will be able to surf wirelessly at speeds up to 11 Mbit/s for a flat rate of SEK 800 per month at 800 hot spots in the Nordic countries.Both the monthly fee and minute rate are being reduced for Telia HomeRun today. The monthly fee (Flat Rate) for Telia Homerun is being reduced from SEK 1,395 to SEK 800. The flat monthly rate for the basic subscription (Base) is also being lowered from SEK 40 to SEK 30 and the minute rate from SEK 2.00 to SEK 1.60. In

Aker Kvaerner successfully completes Asahi / DuPont POM project in China

John McClellan, President of Aker Kvaerner China, pointed out "At Aker Kvaerner we thrive by our values and integrity.  We keep the emphasis where it matters, on creativity and quality of the work we do."  Mr McClellan also complimented "Of course, this cannot be fulfilled without a great project task force team and everyone who has participated in the project execution and I personally thank each and every team member for a successful project completion. " Aker Kvaerner's E&C operations in China was responsible for the detailed engineering design, procurement, construction, and

Expansion consolidates Akzo Nobel's Ethylene Amines leading status

Arnhem, the Netherlands, December 1, 2004 – Akzo Nobel’s Functional Chemicals business has initiated a capacity increase at its ethylene amines facility in Stenungsund, Sweden, which will transform the site into one of the largest plants of its kind in the world.The need for expansion – which will be carried out during the second quarter of next year – has arisen from growing customer demand and follows hot on the heels of an earlier extension, which was carried out in 2003. These combined improvements will increase total capacity by 25 percent. When this increased capacity is combined with

Framfab's Danish operation ranked as Europe's most awarded new media agency in 2004

IDEA (Internet Design Excellence Association) has recently ranked the world’s most award-winning new media agencies in 2004. The world rankings have been worked out on the basis of results in five selected international award shows. Framfab Denmark made a 4th place, beaten by 3 American agencies. This makes Framfab Denmark the most award-winning new media agency in Europe. Framfab Denmark has participated in four of the five selected award shows: Cannes Cyber Lions, Clio Awards, The One Show, and London International Advertising Awards. Check out the world rankings here: http://www.

Ericsson awarded GSM network expansion contract in Hebei, China

Ericsson announced today that it has signed a USD 50 million GSM network expansion contract with Hebei Mobile Communication Co., Limited. (Hebei Mobile) in Hebei Province, China. Under the contract, Ericsson will provide Hebei Mobile with network equipment and professional services. The contract will further enhance the strategic partnership between Ericsson and Hebei Mobile."As the major mobile communications service provider in Hebei province, Hebei Mobile is always committed to accelerating the construction of mobile communications infrastructure and the development of the mobile

FINAL RESULT OF HK RUOKATALO?S SHARE OFFERING

HK Ruokatalo Oyj STOCK EXCHANGE RELEASE 1 Dec. 2004, at 10amFINAL RESULT OF HK RUOKATALO’S SHARE OFFERING The final result of HK Ruokatalo’s share issue indicate that 8,557,775new Series A Shares, 99.33 per cent of the number of shares offered,were subscribed by virtue of the Primary Pre-emptive SubscriptionRight (Primary Right). The number of subscriptions made by virtue ofthe Secondary Pre-emptive Subscription Right (Secondary Right)exceeded the number of shares offered. All 8,615,798 Series A Sharesavailable for subscription in the offering were subscribed. Meeting today,

KMT's subsidiary LIDKÖPING receives a breakthrough order from India

Lidköping Machine Tools has received a major order from NEI Ltd. (National Engineering Industries Limited), an Indian bearing manufacturer. The order, which is Lidköping’s first from NEI Ltd, represents a breakthrough on the Indian market. The order consists of a complete system for taper roller bearing ring manufacturing, including handling, measuring equipment, super-finishing and grinding machines. Delivery will take place in 2005. NEI Ltd is one of the largest bearing manufacturer in India manufacturing (under brand name NBC) nearly 3 million bearings per month in over 500 different

Press release

Due to the listing of Ainax’ shares on the O-list of the Stockholm Stock Exchange, the Knut and Alice Wallenberg Foundation (KAW) reports that the holding in Ainax on November 30, was 5 742 440 shares, corresponding to 21.0 percent of voting rights and share capital. By the end of August, 4 350 000 shares had been acquired. After the announcement of Scania’s public offer to the shareholders of Ainax on November 1, KAW has acquired 1 392 440 shares. The acquisitions were made between November 2 and November 9. Stockholm, December 1, 2004 For further information: Pia Rudengren, Executive Vice

Ainax AB listed at Stockholm Stock Exchange

As of today, the holding company Ainax AB is listed on the Stockholm Stock Exchange’s O list.The purpose of Ainax’s business operations is to administer the Series A shares held in Scania aiming for the best possible return for the shareholders. The company holds 27,320,838 Series A shares in Scania, corresponding to 24.8 per cent of the votes and 13.7 per cent of the capital. Ainax AB was formed in 1999 and is located in Stockholm. “We warmly welcome Ainax to Stockholm Stock Exchange,” says Henrik Paulsson, acting President of Stockholm Stock Exchange. Mariana Burenstam Linder, CEO of

Information regarding Protect Data's warrant program

Protect Data’s warrant program 2001/2004 expired November 30, 2004. Total number of warrants amounted to 400.000, of which 365.000 were sold to employees at the time of grant. Of these 365.000 warrants, 334.700 have been exercised for subscription of the same number of new shares. Subscription price per share was SEK 52. In addition, 10.500 warrants from warrant program 2001/2006 have been exercised for subscription of the same number of new shares. These warrants have a subscription price of SEK 26 and the program expires February 28, 2006. The new share issues result in a total dilution

Cevian Capital L.P. exercises option to aquire shares in Intrum Justitia AB (publ)

Please be advised that Cevian Capital L.P. has exercised its option to aquire an additional 2,650,669 shares representing 3.1% of the capital and votes in Intrum Justitia AB (publ). After the investment Cevian Capital L.P. holds 8.4 % of the capital and of the number of votes in the company. For further information please contact Lars Förberg or Christer Gardell (Tel +46 8 545 675 50) Yours faithfully Denzil Boschar Director

Skanska to reconstruct Amtrak facility in Manhattan for SEK 850 M

Skanska has been contracted to renovate the ventilation and safety facilities at East River Tunnels in New York. The contract amounts to SEK 850 M (USD 127 M) and is included in order bookings for the fourth quarter of 2004. The customer is Amtrak, also known as the National Passenger Railroad Corporation.Work begins in January 2005 and is scheduled for completion within 48 months. The project is part of Amtrak’s program to improve safety of tracks and tunnels. The ventilation system will be replaced and new airshafts added to ensure air supply and smoke ventilation. The project will also

BROADBAND PAY-TV SERVICE LAUNCHED

Modern Times Group MTG AB, the international entertainment-broadcasting group, today announced the launch of its pay-TV services via broadband. Following the announcement of a groundbreaking agreement with broadband network operator Bredbandsbolaget in August, Viasat Broadcasting has today made its pay-TV channels available to 300,000 households in 50 Swedish cities that are connected to Bredbandsbolaget’s fibre network. These households can now place orders to subscribe to Viasat’s premium pay-TV package. Viasat is the first broadcaster in Sweden to offer TV via broadband across the entire

AB Volvo repurchase 250,000 B 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 Tuesday, November 30, acquired 250,000 series B shares. The shares were traded between SEK 271.50 and 275.50 with an average price of SEK 273.94.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, not to exceed a total purchase amount of SEK 4,300,000,000. After the repurchase, AB Volvo is in possession of a total of 6,950,246

Micronic Introduces LRS15000-TFT3 Laser Pattern Generator For Volume Production of Generation 7 Gray Tone Photomasks

Taby, Sweden – December 1, 2004 – Micronic Laser Systems today introduced a new laser pattern generation tool for volume production of leading-edge TFT-LCD photomasks. The LRS15000-TFT3, the latest addition to Micronic’s production-proven LRS pattern generator line, combines state-of-the-art resolution with a 1300 x 1500 mm maximum mask size to enable Generation 7 TFT-LCD photomask writing. The tool’s resolution of 0.75 micron also provides the capability for creating gray tone masks (GTM), a technology that saves process steps in TFT manufacturing.The LRS15000-TFT3 features a major

Ericsson selected by Cingular Wireless to deploy 3G UMTS/HSDPA network

Cingular Wireless LLC, the largest wireless carrier in the United States, has chosen Ericsson as a supplier and integrator in the buildout of Cingular's next generation voice and data network. Under the terms of the agreement, Ericsson will provide a portion of Cingular's UMTS/High-Speed Downlink Packet Access (HSDPA) packet core and radio network equipment."Ericsson is proud of our long-standing partnership with Cingular, which has continued from Cingular's GSM rollout to migration to 3G networks," said Carl-Henric Svanberg, President and CEO of Ericsson. "We take it to heart that Cingular

OUTOKUMPU TO PROCEED WITH REDUCING ITS OWNERSHIP IN BOLIDEN - UP TO 37 MILLION SHARES OFFERED

OUTOKUMPU OYJ STOCK EXCHANGE RELEASE November 30, 2004 at 7.00 pmOUTOKUMPU TO PROCEED WITH REDUCING ITS OWNERSHIP IN BOLIDEN- UP TO 37 MILLION SHARES OFFERED The Board of Directors of Boliden AB (publ) has decided, based onthe authorization granted by Boliden’s extraordinary general meetingof shareholders, to launch a directed issue to institutionalinvestors (the "Boliden Offering"). Concurrently, Outokumpu hasdecided to proceed with reducing its ownership in Boliden asannounced earlier this month (the "Outokumpu Offering" and, togetherwith the Boliden Offering, the "Combined

Aker Kvaerner expands presence in Saudi Arabia

Aker Kvaerner has been active for several decades in Saudi Arabia. The present restructuring and renaming of its in-Kingdom operations reflect the company's ongoing commitment to the region. AK Process, together with its new joint venture partner, Saudi Pan Gulf, will intensify its business development effort and further increase its presence in the region.  Following the launch of the new company, Wim van der Zande, President of AK Process, said, "The continuing growth in the petrochemical industry in Saudi Arabia and increased private sector investments offer a number of attractive

NCC to construct detention center in Karlstad for SEK 107 million

NCC Construction Sweden has been commissioned to refurbish and extend the premises of the National Prison and Probation Administration and the Police Authority in Karlstad. The customer is Skandrenting AB and the order is worth approximately SEK 107 million.The property concerned is the headquarters of the Police Authority in the county of Värmland, which is now further centralizing its activities. In addition to administrative premises, the assignment includes the expansion of 30 new detention spaces on behalf of the National Prison and Probation Administration. NCC has accounted for

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