Interim Report January – September 2005

Continued strong sales and improved profitability

- Net sales increased by 17 percent to SEK 7,011m (5,970) and the number of sold residential units totaled 2,958 (3,349) - Profit after financial items improved to SEK 627m (425) and profit after tax for the period rose to SEK 544m (303). The operating margin increased to 10.0 percent (8.8) - Property sales of SEK 539m (722) provided capital gains of SEK 100m (96) - Return on equity totaled 22.6 percent. Earnings per share for the nine-month period increased to SEK 20.20 (10.80) - Cash flow from operating activities during the first nine months totaled SEK 1,471m (1,164) - The Group's capital requirements are under review. Preliminarily, the Group's surplus of equity is estimated at SEK 800 - 1,000m For full report see attached PDF.