INTERIM REPORT JANUARY 1 – SEPTEMBER 30, 2005

• Operating earnings third quarter SEK 18 (15) million • Operating earnings SEK 71 (104) million • Operating income SEK 334 (378) million • Earnings after tax excluding divested businesses SEK 50 (74) million • Earnings per share SEK 11.2 (15.2) • Operating earnings Private Banking SEK 48 (32) million • Assets under management SEK 37 (26 per December 31, 2004) billion + SEK 11 billion, of which net inflow SEK 5.2 billion • Pro forma operating earnings including HQ Fonder SEK 105 (138) million • Pro forma operating earnings third quarter including HQ Fonder SEK 33 (26) million • Pro forma assets under management SEK 50 (36 per december 31, 2004) billion + SEK 14 billion, of which net inflow SEK 5.4 billion • Pro forma including HQ Fonder repeat income amounts to SEK 147 (118) million, which means that 100 (92) percent of the current expenses of the merged Private Banking excluding bonus are covered by repeat income.