NEW MANAGING DIRECTOR FOR BANQUE INVIK

NEW MANAGING DIRECTOR FOR BANQUE INVIK Invik & Co. AB today announced the appointment of Pierre Arens as Managing Director of Banque Invik S.A. in Luxembourg. Pierre Arens has more than 10 years experience in private banking with Dexia-BIL, which is the largest bank in Luxembourg. He has also served as Managing Director of Rekord, Dexia-BIL's insurance and savings operations in Germany. Banque Invik offers private banking, credit card issuing, investment fund management, corporate financial advisory and corporate administrative services. FOR FURTHER INFORMATION, PLEASE VISIT WWW.INVIK.SE OR CONTACT: Anders Fällman, Chief Executive Officer +46 (0) 8 562 000 20 Henrik Persson, Investor & Press Relations +44 (0) 7 747 822406 Invik & Co. AB is an investment company. The Group consists of the Parent Company Invik & Co. AB and a number of operating subsidiaries. The Parent Company manages a long-term portfolio of listed company securities. The Group's subsidiaries are principally active in banking, insurance, securities broking and trading, and asset management. Invik & Co. AB shares are listed on the Stockholm Stock Exchange O list under the symbols INVKA and INVKB. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/15/20040415BIT20910/wkr0001.pdf