YEAR-END REPORT 2004

•OPERATING EARNINGS FOR YEAR SEK 166 (90) MILLION +84% •INCOME FOR YEAR SEK 575 (424) MILLION +36% •EARNINGS AFTER TAX AND MINORITY SEK 107 (60) MILLION +78% •EARNINGS PER SHARE SEK 21.2 (11.6) +83% •PROPOSED DIVIDEND SEK 6.00 (5.00) AND REDEMPTION OF EVERY TENTH SHARE FOR SEK 250 For further information please contact Patrik Enblad, Chief Executive Officer, Telephone +46 8 696 17 00