Observer's Board of Directors proposes dividend of SEK 0.45

PRESS RELEASE Observer AB is quoted on the Attract 40 section of Stockholmsbörsen's O- list and has approximately 28,000 shareholders. Stockholm, Sweden, February 18, 2003 Observer's Board of Directors proposes dividend of SEK 0.45 * Year-end report January - December 2002 Observer's Board of Directors has adopted the preliminary year-end report, which was distributed on January 31, 2003. The report is available on the company's website, www.observergroup.com * Dividend The Board of Directors is recommending that the Annual General Meeting approve a dividend of SEK 0.45 (0.45) per share. * Share repurchase To increase the flexibility of Observer's capital structure and complement its dividend policy, it has been proposed that the Annual General Meeting authorize the Board of Directors to decide on a repurchase of Observer shares. * Annual General Meeting The Annual General Meeting will be held at 5:00 pm (CET) on May 6, 2003 at Ingenjörshuset/Citykonferensen, Malmskillnadsgatan 46, Stockholm. Observer AB (publ) Board of Directors For further information, please contact: Per Blixt, Senior VP Corporate Communications/Investor Relations, telephone: +46 70 549 28 08, +46 8 507 410 12, e- mail: per.blixt@observergroup.com This press release is also available online at: www.observergroup.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/2003/02/18/20030217BIT01160/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/18/20030217BIT01160/wkr0002.pdf