Interim Report January-June 2009

Highlights during the second quarter • 3 Scandinavia continued to report healthy growth and the Swedish operation reached EBIT breakeven for the month of June. • No significant new investments were made during the quarter. • The financial position remained strong with a net cash position of SEK 1.8 bn. on June 30, 2009. Financial information • The net asset value amounted to SEK 125,687 m. (SEK 165 per share) on June 30, 2009, compared to SEK 115,233 m. (SEK 150 per share) at year-end 2008, corresponding to a change, including dividend paid, of 12 percent in the first half of 2009 (-8). • The consolidated net profit for the first half of the year, including (unrealized) change in value, was SEK 13,830 m. (SEK 18.13 per share), compared with SEK -12,455 m. (SEK -16.26 per share) for the same period in 2008. • Core Investments had an effect on net asset value of SEK 15,196 m. in the period (-10,595). SEB had the largest positive impact, SEK 3,914 m. and Saab had the largest negative impact, SEK -232 m. • Operating Investments had an effect on net asset value of SEK -825 m. during the period (-54). • Private Equity Investments had an effect on net asset value of SEK -709 m. during the period (-1,545). • The total return on the Investor share was 6 percent in the first half of the year (-10). The total annual return has averaged 12 percent over the past 5-year period. For further information: Oscar Stege Unger, Head of Corporate Communications, Phone +46 8 614 2059, +46 70 624 2059 Magnus Dalhammar, Investor Relations Manager, Phone +46 8 614 2130, +46 735 24 2130