Telephone Conference on Year-End Report 2004 Tuesday February 8, at 11:00AM (CET)

Observer AB invites you to participate in a telephone conference on the Year-End Report 2004, on Tuesday February 10 at 11.00 am (CET). Robert Lundberg, CEO, Anders Lundmark, CFO, and other group managers will participate in the conference. In order to participate, please call +44 (0) 207 162 0180 and state password: Observer. The Year-End Report will be published on Tuesday February 8, at approximately 09:00-09:30 am (CET). Observer AB (publ) For further information, please contact: Alexandra Gershagen, Corporate Communications, phone +46 (0) 8 507 410 13/ +46 (0) 70 969 97 67, e-mail: alexandra.gershagen@observergroup.com Per Blixt, Senior VP Corporate Communications, phone +46 (0) 8 507 410 12/ +46 (0) 70 549 28 08, e-mail: per.blixt@observergroup.com Replay Telephone replay will be available until February 22, 2005. UK Reply number: +44 (0) 207 031 4064, Access code: 643 034