Alfa Laval has decided to initiate new negotiations with the former owner of bioKinetics Inc.

Alfa Laval has decided to initiate new negotiations with the former owner of bioKinetics Inc. Alfa Laval suspects irregularities in the accounting with regard to revenue recognition for certain customer projects in the recently acquired US company bioKinetics. Alfa Laval has therefore initiated a further investigation specifically addressing the suspected irregularities. The preliminary findings from this investigation support the suspicions. Alfa Laval has as a consequence decided to initiate new negotiations with the former owner Kinetics Group Inc. Based on available information the irregularities are estimated not to exceed MSEK 40. For more information please contact: Peter Torstensson Vice President Corporate Communications Tel: + 46 46 36 72 31 Mobil: +46 709 33 72 31 peter.torstensson@alfalaval.com Mikael Sjöblom Investor Relations Tel: +46 46 36 74 82 Mobil: +46 709 78 74 82 mikael.sjoblom@alfalaval.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/19/20031219BIT20180/wkr0006.pdf