Observer CEO to step down by Annual General Meeting 2006

Observer CEO Robert Lundberg has informed the company’s Board of Directors that he intends to step down no later than the Annual General Meeting in 2006.

“During his years as CEO, Robert Lundberg successfully built Observer into a world leader with very strong market positions in 13 countries in North America, the Nordic region and the rest of Europe,” said Observer Chairman Örjan Håkanson. “Having until the Annual General Meeting in 2006 gives the Board plenty of time to recruit and prepare a new CEO for the position.” During the years 2004-2005 Observer has launched an integrated offering in all its regions. To facilitate this, the Group has merged subsidiaries with around 1,300 employees in the UK, Germany and the Nordic region. The offering has been further strengthened through the acquisition of six companies in North America in the last year. These acquisitions and further improvements to existing services have given Observer a strong position and the opportunity to further broaden its client base. “During a tough period I think we have created a solid base to build on,” said Robert Lundberg. “We have a strong and profitable business in the US, the Nordic market is gradually improving and the UK is nearing a turnaround. I have led Observer for 13 years and now it is time to hand over the reins to the next generation.” Observer AB (publ) For further information, please contact: Örjan Håkanson, Chairman of the Board, telephone: +46 70 814 63 58, Robert Lundberg, Chief Executive Officer, telephone: +46 8 507 410 10, e-mail: robert.lundberg@observergroup.com Per Blixt, Senior VP Corporate Communications, telephone: +46 70 549 28 08, +46 8 507 410 12, e- mail: per.blixt@observergroup.com