Year-end report for Cloetta Fazer January-December 2004

* Net sales totalled MSEK 3,024 (3,030) * Operating profit was MSEK 362 (390), and included items of MSEK -38 pertaining to the closure of the Norrköping factory, adjustment of pension commitments, capital gains on the sale of shares and the write-down of fixed assets in Poland. Excluding these items, operating profit was MSEK 400 (390) and operatingmargin was 13.2% (12.9%) * Profit after financial items amounted to MSEK 378 (408), and excludingthe above items to MSEK 416 (408). * Profit after tax reached MSEK 271 (282). * Earning per share amounted to SEK 11.23 (11.75) * The Board proposes a dividend of SEK 6.00 (5.50) per share.

For additional information contact Managing Director & CEO Karsten Slotte, mobile +46 (0)70-687 99 22 or Curt Petri, Chief Financial Officer, mobil +46 (0)70 593 21 69.