Year End Report 2004 1 January – 31 December

•Order intake amounted to SEK 1,501M (995). An increase with 51%. For comparable units, after adjustment for acquisitions, order intake increased by 20 per cent. •Net sales amounted to SEK 1,449M (1,051) – an increase of 38 per cent. When adjusted for acquisitions, the increase was nine per cent. •Profit before taxes improved from SEK -21M to SEK 68M. After tax, the result improved from -19M to SEK 40M. •Earnings per share amounted to SEK 4.02 (-3.41). •The Board of Directors proposes a dividend of SEK 2.00 (1.50) per share. Information For further information, please contact Lars Bergström, President of Karolin Machine Tool AB, telephone +46 8-594 211 50 or +46 70-240 52 35 or by e-mail: lars.bergstrom@kmt.se