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Hagströmer & Qviberg AB's activities are concentrated on the financial markets.

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HQ sells HQ Bank to Carnegie

· The board of HQ AB (”HQ”) has decided to sell all common shares in its subsidiary HQ Bank AB (”HQ Bank”) including the option to acquire HQ Fonder Sverige AB to the Carnegie group. · HQ sells the shares in HQ Bank to Carnegie for SEK 268 million. · Through the transaction HQ will be able to complete its obligations regarding the personnel convertible programme. · The transaction means that Carnegie therefore guarantees all HQ Bank's client obligations. · Following the transaction and a future repayment of the personnel convertible loan in HQ, HQ's equity is estimated

Process of involuntary liquidation of HQ Bank initiated

As a consequence of the decision by the Swedish Financial Supervisory Authority (Finansinspektionen) to revoke all HQ Bank's licences, the board of HQ Bank has during the weekend actively sought a private solution with a party holding an existing banking licence that would allow the operations to continue to be conducted. An almost completely agreed solution with such a party has proven impossible to implement. This solution would have required Finansinspektionen to review its decision regarding the revocation of licences for HQ Bank as a consequence of the intended change of ownership.

The accelerated closure of HQ's trading portfolio has been completed

-         Total cost of closure SEK 1,230 million-         Advance payment for rights issue and perpetual subordinated debenture to strengthen the strong capital base-         Extraordinary general meeting to address election of board-         External audit of the Trading operations has been appointed Closure completed  HQ AB (”HQ”) has completed the accelerated closure of its trading portfolio. In total the cost is SEK 1,230 million during the second quarter of 2010, including the SEK 297 million announced on June 8, 2010. Following the closure of the trading portfolio, HQ

HQ strengthens its capital base by selling HQ Fonder to Öresund for SEK 850 million

HQ simultaneously withdraws the proposed rights issue of SEK 559 million and cancels the extraordinary general meeting of June 28, 2010. Instead HQ intends to conduct a rights issue of up to SEK 1,000 million to make possible a re-purchase of HQ Fonder and assure financial stability· In order to be able to expeditiously conduct an accelerated closure of the Trading operations there is a requirement to immediately strengthen the capital base. Thus far during the second quarter of 2010, the loss within the Trading operations amounts to SEK 297 million. The cost of conducting the accelerated

Stefan Dahlbo new Acting President and CEO of HQ

Stefan Dahlbo has today been appointed as the Acting President of HQ AB and HQ Bank. The process of recruiting a permanent Pressident has been initiated and is expected to be completed during the autumn.  ”Stefan has excellent knowledge of HQ's business, clients and personnel and the financial markets in general, which makes him the best suited to lead HQ for a period with no loss of tempo,” says Mats Qviberg, Chairman of HQ.  During his period as Acting President of HQ, Stefan will be on leave of absence from his role as President of Investment AB Öresund.  ”I have great respect

Mikael König leaves his position as President and CEO of HQ

Mikael König has informed the board of directors that he intends to leave his position as President and CEO of HQ AB. The process of recruiting a replacement has been initiated and is expected to be completed during the autumn. Mikael König will remain within the group and will be responsible, from a Swedish base, for developing and strengthening HQ's value proposition and positioning outside the country's borders.  ”During my three years as chief executive, the conditions for conducting financial operations have markedly changed as a consequence of new regulations and directives, while

STRONG GROWTH IN ASSETS UNDER MANAGEMENT

JANUARY – DECEMBER• OPERATING REVENUE SEK 768 (818) MILLION • OPERATING PROFIT SEK 177 (278) MILLION • OPERATING PROFIT EXCL ACQUISITION EFFECT IN HQ DIRECT SEK 177 (193) MILLION • PROFIT AFTER TAX SEK 134 (246) MILLION • DILUTED EARNINGS PER SHARE SEK 4.8 (9.0) • OPERATING MARGIN 23 (34) PERCENT • ASSETS UNDER MANAGEMENT INCREASED SEK 30.8 BILLION SINCE THE START OF THE YEAR TO SEK 85.1 (54.3) BILLION, OF WHICH NET INFLOW SEK 8.0 (5.0) BILLION • PROPOSED DIVIDEND SEK 6.00 (6.00) PER SHARE COMMENTS FROM CEO MIKAEL KÖNIG Conditions for conducting traditional market making have changed

HQ and NASDAQ OMX in strategic cooperation

In cooperation with NASDAQ OMX Stockholm, HQ is to launch Exchange Traded Funds (ETFs). This is the start of a joint, long-term endeavour to provide a large number of products, with exposure to different markets and types of asset that will be quoted and traded on NASDAQ OMX Stockholm. The Swedish market is still young and HQ's ambition is to become the Nordic leader in this field.Initially HQ will list three ETFs on Nasdaq OMX Stockholm, of which two will be based on the OMXS30 index and one on the Nasdaq 100 index. The listings, which are scheduled for October 1, require final approval

POSITIVE TREND IN ALL AREAS

JANUARY – JUNE• OPERATING REVENUE SEK 424 (436) MILLION - 3% • OPERATING PROFIT SEK 114 (160) MILLION - 29% • PROFIT AFTER TAX SEK 87 (114) MILLION - 24% • DILUTED EARNINGS PER SHARE SEK 3.1 (4.2) - 26% • OPERATING MARGIN 27 (37)% • ASSETS UNDER MANAGEMENT INCREASED SEK 14.7 BILLION SINCE THE START OF THE YEAR TO SEK 69.0 BILLION, OF WHICH NET INFLOW SEK 3.4 (3.4) BILLION COMMENTS FROM CEO MIKAEL KÖNIG The first six months of the year have been successful. All our areas of business are demonstrating a positive trend and we have further advanced our positions. The net inflow of new volumes

High conversion rate for HQ’s employee convertible debenture programme

When the acceptance period for HQ’s 2006/2009 employee convertible debenture programme expired on 31 May, 103 owners of 105 convertible debentures had decided to request conversion into shares. Of the total nominal amount of SEK 78,086,400, SEK 77,836,800, corresponding to 99.7%, had been converted into 810,800 new shares. This represented an increase in the number of shares by 3.0%. Following conversion of the debentures, the number of registered HQ shares will be 27,925,280. “Share-based incentive programmes strengthen the feeling of involvement in the company’s long-term development and

STABLE FINANCES AND STRONG NET INFLOW

January-December• OPERATING REVENUE SEK 818 (986) MILLION -17 %• OPERATING PROFIT SEK 278 (405) MILLION -31 %• PROFIT AFTER TAX SEK 246 (290) MILLION -15 %• EARNINGS PER SHARE AFTER DILUTION SEK 9.0 (10.5) -14 %• OPERATING MARGIN 34 (41) PERCENT• ASSETS UNDER MANAGEMENT SEK 54.3 (79.2) BILLION, NET INFLOW SEK 5.0 (8.3) BILLION• PROPOSED DIVIDEND SEK 6.00 (10.00) PER SHARECOMMENTS FROM CEO MIKAEL KÖNIGDespite a year with exceptional market conditions it is pleasing that HQ is able to report an operating profit of SEK 278 million. The operating margin amounted to 28 percent

Glitnir AB becomes HQ Direct

HQ AB acquired during October all shares in Glitnir AB. This transaction complements HQ’s existing operations in Investment Banking, and will add value through an expanded product range and a broadened client base in both Sweden and abroad.HQ envisages great potential in focusing on the core operations of the company and in developing the specialist expertise offered by the employees in this area. One element of this process is the name change to HQ Direct.”HQ possesses financial and operational stability and a strong brand. There is a good outlook for continued growth in our core

HQ AB completes acquisition of Glitnir AB

As previously announced, HQ AB entered into an agreement with Glitnir banki hf to acquire all the shares in Glitnir AB for a purchase price of approximately SEK 60 million, to be paid in cash. HQ AB has today completed the acquisition and taken ownership of Glitnir AB.In conjunction with HQ’s completion of the acquisition of the shares, Managing Director Anders Holmgren has submitted his resignation. Lars Hamberg has been appointed as the acting Managing Director of Glitnir AB.”HQ is financially and operationally stable. Glitnir AB’s core business is growing and we see excellent

HQ acquires Glitnir AB

HQ AB has entered into an agreement with Glitnir banki hf to acquire all the shares in Glitnir AB for a purchase price of approximately 60 million SEK, to be paid in cash upon completion. Glitnir AB is a wholly owned subsidiary to Glitnir banki hf. Glitnir AB offers services in institutional trading, research, corporate finance and private banking and also operates its own trading division.The acquisition is a complement to HQ’s existing investment banking operations and includes a wide client base both within and outside Sweden. The acquisition will enhance HQ’s value through a wider

ALL FINANCIAL TARGETS MET

January – June• OPERATING REVENUE SEK 436 (585) MILLION - 25 %• OPERATING PROFIT SEK 160 (249) MILLION - 36 %• PROFIT AFTER TAX SEK 114 (178) MILLION - 36 %• DILUTED EARNINGS PER SHARE SEK 4.2 (6.4) - 34 %• OPERATING MARGIN 37 (43) %• ASSETS UNDER MANAGEMENT SEK 68.1 (85.2) BILLION, NET INFLOW SEK 3.4 (4.0) BILLIONCOMMENTS FROM CEO MIKAEL KÖNIGConsidering the inclement market climate our business has demonstrated a good second quarter, and it is particularly pleasing that all units are making a positive contribution to profits.The net inflow of assets under management

BEST YEAR IN HQ’s HISTORY

• OPERATING INCOME SEK 986 (931) MILLION + 6%• OPERATING PROFIT SEK 405 (350) MILLION + 16%• OPERATING PROFIT EXCL TRADING SEK 420 (276) MILLION + 52%• PROFIT AFTER TAX SEK 290 (250) MILLION + 16%• EARNINGS PER SHARE AFTER DILUTION SEK 10.5 (9.2) + 14%• OPERATING MARGIN 41 (38)%• ASSETS UNDER MANAGEMENT SEK 79.2 (77.6) BILLION, NET INFLOW SEK 8.3 (8.4) BILLION• PROPOSED DIVIDEND SEK 10.00 (6.00) PER SHARECOMMENTS FROM CEO MIKAEL KÖNIGDespite the unfavourable market climate during the second half of the year HQ Bank is reporting its best year-end ever. Income increased by 6

INTERIM REPORT JANUARY 1 – SEPTEMBER 30, 2007 - HEADED FOR THE BEST YEAR IN HQ’S HISTORY

• OPERATING INCOME SEK 755 (651) MILLION + 16%• OPERATING PROFIT SEK 315 (236) MILLION + 33%• PROFIT AFTER TAX SEK 225 (168) MILLION + 34%• EARNINGS PER SHARE AFTER DILUTION SEK 8.2 (6.2) + 32%• OPERATING MARGIN 42 (36)%• ASSETS UNDER MANAGEMENT SEK 82.4 (67.1) BILLION, OF WHICH NET INFLOW SEK 6.2 (5.5) BILLIONCOMMENTS FROM CEO MIKAEL KÖNIGThe financial turbulence during the third quarter, with a considerably raised cost of risk and decreased liquidity, led to unfavourable conditions for the industry as a whole. The market climate has also affected the trading operations,

INTERIM REPORT JANUARY 1 - SEPTEMBER 30 2006 - UPDATED

OPERATING INCOME SEK 651 (334) MILLIONOPERATING EARNINGS SEK 236 (71) MILLIONEARNINGS AFTER TAX SEK 168 (50) MILLIONEARNINGS PER SHARE SEK 12.4 (5.6)OPERATING MARGIN 36 (21) PERCENTASSETS UNDER MANAGEMENT INCREASED BY SEK 13 BILLION SINCE THE START OF THE YEAR TO SEK 67 BILLION, OF WHICH NET INFLOW SEK 5.5 BILLIONComments from CEO Patrik EnbladDuring the third quarter HQ again exceeded by a wide margin its financial targets for volume growth, profitability and capital adequacy. Despite continued rapid growth and the fact that the third quarter is seasonally weak, the operating

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