Financial results for the period 1 january - 30 june 2003

FINANCIAL RESULTS FOR THE PERIOD 1 JANUARY - 30 JUNE 2003 ·Consolidated income after financial items amounted to SEK 90.4 (-49.1) million for the first half of the year, including capital gains of SEK 90.6 (56.6) million on the sale of shares. ·Modern Finance Group reported income after financial items of SEK 50.0 (15.1) million for the first half of the year. ·The market value of the long-term securities portfolio increased during the first half of the year by SEK 1,461 million to SEK 5,657 million. ·The Parent Company's external loans amounted to SEK 1,520.7 million at the end of the period. Since the end of the first half of the year, external debt has been reduced by SEK 100 million following the sale of 325,000 Tele2 class B shares. Anders Fällman, CEO and President of Invik & Co. AB, commented: "The company's net asset value developed very favourably during the first half of the year with the market value of the securities portfolio increasing by almost SEK 1,500 million." "It is very encouraging that the aim of strengthening the cash flow and achieving a sustainable result for the operating businesses that at least corresponds to the Parent Company's administrative and interest costs was already achieved during the first half of the year. Modern Finance Group has reported income after financial items of SEK 50 million for the first half of the year, which is a considerable increase compared to last year. We remain focused on further increasing the profitability of the operating companies", he continues. FOR FURTHER INFORMATION, PLEASE VISIT WWW.INVIK.SE OR CONTACT: Anders Fällman, President and CEO tel +46 (0) 8 562 000 20 Henrik Persson, Investor Relations tel +44 (0) 7747 822 406 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/07/20030807BIT01180/wkr0001.pdf The full report

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