Invitation

Teleconference We are pleased to invite you to a conference call Tuesday, February 12, 2002, 15.30, Stockholm Time to review If P&C Insurance´s Year-end Report Announcement. Torbjörn Magnusson, Chief Executive Officer and Tom Rathke, Chief Financial Officer, will represent If. Prepared remarks will take approximately 30 minutes and will be followed by a question- and-answer session. The presentation will be published on If's IR web site, www.if-insurance.com. The agenda for the call will be as follows (Stockholm Time): 15.20 Call +44 (0)20 8781 0598 and request to be connected to the If teleconference 15.30 Review Year-end results 16.00 Questions & Answers 16.30 If teleconference call close In case you are not able to join the teleconference you can listen to the recorded version; +44 (0)20 8288 4459, access code: 698 992. The recorded version will be available until February 19, 2002. Best regards, Susanna Halse Helena Dyrssen Investor Relations Corp. Communication Copenhagen Helsinki Oslo Stockholm For more information, please contact Media: Helena Dyrssen Tel:+46 8 788 2335 Mobile: +46 705 292 335 Investor relations: Susanna Halse Tel: + 46 8 788 24 28 Fax: +46 8 788 37 25 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/11/20020211BIT00060/bit0001.doc http://www.waymaker.net/bitonline/2002/02/11/20020211BIT00060/bit0001.pdf