Summarised Financial Statements 2004

• The Group’s net sales amounted to SEK 3,629 million (3,317). - Earnings after net financial items totalled SEK 152 million (185). - Earnings were impacted by items affecting comparability of SEK 46 million. - Earnings after tax were SEK 111 million (141). - Earnings per share amounted to SEK 5.25 (6.73). • Strong growth in the speciality fats segment - up 20 percent. • Karlshamns’ far-reaching efficiency improvement programme is now well underway, and will cut annual costs by SEK 100 million from 2006 onwards. • For the year 2004 a dividend of SEK 5.00 is proposed, with the addition of SEK 4.50 in the form of a supplementary, one-off dividend.

Jerker Hartwall President and CEO For further information, phone +46 (0)454-826 03

About Us

AAK is a leading provider of value-adding vegetable oils & fats. Our expertise in lipid technology within foods and special nutrition applications, our wide range of raw materials and our broad process capabilities enable us to develop innovative and value-adding solutions across many industries – Chocolate & Confectionery, Bakery, Dairy, Special Nutrition, Foodservice, Personal Care, and more. AAK’s proven expertise is based on more than 140 years of experience within oils & fats. Our unique co-development approach brings our customers’ skills and know-how together with our own capabilities and mindset for lasting results. Listed on the Nasdaq Stockholm and with our headquarters in Malmö, Sweden, AAK has more than 20 different production facilities, sales offices in more than 25 countries and more than 3,700 employees. We are AAK – The Co-Development Company.

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