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 8 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