Interim Report January-June 2006

Important events in the second quarter -Investor’s and EQT’s public tender offer for Gambro was presented and completed. - Husqvarna was listed and is now classified as a Core Investment. - Shares in Electrolux were purchased for SEK 1,384 m. Shares were acquired inHusqvarna for SEK 92 m. - 3 Scandinavia had 561,000 subscribers on June 30, 2006, a net increase of 100,000 since the beginning of the year. Financial information - The net asset value amounted to SEK 140,434 m. (SEK 183 per share) on June 30, 2006, as against SEK 134,180 m. (SEK 175 per share) at year-end 2005. - Consolidated net income (including unrealized changes in value) totaled SEK 8,989 m. (SEK 11.70 per share) in the first six months of the year, compared with SEK 21,290 m. in the corresponding period of 2005 (SEK 27.73 per share). - Core Investments had an impact of SEK 10,247 m. on net income for the six-month period (17,589). ABB, AstraZeneca and Atlas Copco had the greatest impact with SEK 2,864 m., SEK 2,761 m. and SEK 2,581 m., respectively. Ericsson had a negative effect on income with SEK -2,574 m. - The total return on Investor shares was -3 percent in the first half of the year (28). The total return was 28 percent over the past 12-month period.