INTERIM REPORT ON THE OPERATIONS OF AB CUSTOS FOR THE PERIOD JANUARY 1 - JUNE 30, 2004

INTERIM REPORT ON THE OPERATIONS OF AB CUSTOS FOR THE PERIOD JANUARY 1 - JUNE 30, 2004 - The total return on Custos shares during the report period was 18.9 percent. - Net asset value amounted to SEK 146 per share on June 30, 2004. - Net income per share amounted to SEK 8 (4) during the report period. - Decision on merger with Öresund. Decision on merger with Öresund On June 8, 2004, the Annual General Meeting of Custos decided to approve the merger plan adopted by the Boards of Directors of AB Custos ("Custos") and Investment AB Öresund ("Öresund"). 1 1 An Extraordinary General Meeting of Öresund, which was held on the same day, also decided to approve the merger plan adopted by the Boards of Directors. According to the merger plan, Öresund will absorb Custos. Merger payment will consist of one (1) share in Öresund for each share in Custos. Those who are recorded in Custos' share register on the day of the decision by the Swedish Companies Registration Office ("the Office," formerly the Swedish Patent and Registration Office) on registration of the merger will be entitled to receive the merger payment. By means of the Office's registration of the merger, which is expected to occur early in September 2004, Custos will be dissolved and its assets and liabilities will be transferred to Öresund. Disbursement of the merger payment is expected to occur no later than the tenth banking day after the Office's registration of the merger. For further information concerning decisions at the Annual General Meeting, see "Decisions at the Annual General Meeting on June 8, 2004" below. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/12/20040712BIT20160/wkr0001.pdf The full report