Information on second quarter of 2005

The distribution of Gunnebo Industrier (GIAB) has now been completed, and the shares were listed on Stockholmsbörsen’s “O” list on 14 June 2005. Gunnebo Industries (GIAB) will not be included in the consolidated accounts for the second quarter of 2005. During the first quarter of 2005, the Gunnebo Group’s result after financial items and excluding items affecting comparability, and also excluding Gunnebo Industrier (GIAB), was a loss of MSEK 8 (profit 25). It was also stated in the quarterly report for the first quarter, as it was in the year-end release published in February, that the prospects for 2005 as a whole were regarded as good. We can now observe that the Group had a healthy order intake in April and May with organic growth of 9%. The increase in the order intake for the second quarter of this year is estimated to be higher than for the second quarter of last year, when it was 3%. On the other hand, invoiced sales so far during the second quarter have been lower than last year, mainly as a result of the weak order intake in the first quarter. After adjustment for acquisitions and currency effects, invoiced sales declined by just over 2% in April and May. The assessment for the second quarter is now – after finalisation of the internal accounts up to May – that the consolidated profit after financial items and excluding items affecting comparability and excluding Gunnebo Industrier (GIAB), will be around 50 MSEK lower than the previous year’s figure of MSEK 90. The deterioration in the result for the second quarter is largely attributable to the low level of invoicing (excluding acquisitions) and the ongoing restructuring programme. The operative cash flow in April and May was positive. It is estimated that net financial position remained broadly unchanged during the second quarter, excluding dividends paid and the financial impact of the distribution of Gunnebo Industrier (GIAB). As a consequence of the information released by Fingerprint Cards AB that it intends to divest or wind up its business, the value of Gunnebo’s holding of 497,500 shares in that company will be written down in connection with the half-yearly accounts. At present, the book value of these shares is MSEK 6.6, whilst their market value based on a share price of SEK 6.65 per share is MSEK 3.3. In spite of that the second half of the year normally has substantial better result than the first half, the forecast from the management is that the full year result, before items affecting comparability will not meet the last year’s result of MSEK 325. Information regarding the outlook for 2005 as a whole will be released in connection with the half-yearly report, which will be published on 20 July 2005. GUNNEBO AB (publ) Information For further information please contact: Göran Gezelius, President and CEO, Gunnebo AB: +46 31 83 68 00 or +46 705 69 85 05 (mobile), Lennart Gustavsson, CFO, Gunnebo AB: +46 31 83 68 00 or +46 705 93 40 80 (mobile), Janerik Dimming, SVP, Group Communications, Gunnebo AB: +46 31 83 68 03 or +46 705 83 68 03 (mobile); email: janerik.dimming@gunnebo.se. www.gunnebo.se