Lagercrantz Group sells Uniweb AB and Delphi Oy and information about action program in progress in division Electronics

Lagercrantz Group AB has concluded an agreement to sell subsidiaries Uniweb AB and Delphi Oy. Buyer is the German company Materna GmbH. Possession is being taken effective as of January 1, 2005. The sale will generate a tax-free capital gain on a consolidated basis of approximately MSEK 30, which will be reported during the fourth quarter of the financial year (January 1 – March 31, 2005). Uniweb AB and Delphi Oy were parts of business area Software & Consulting. Together, these companies had revenues during the 2003/04 financial year of approximately MSEK 80 and operating income of MSEK 1.8. As a consequence of the divestiture, the business area changes its name to Software. Per Ikov, CEO of Lagercrantz Group: ”The sale of Uniweb and Delphi should be seen in the light of the currently ongoing focusing and concentration of the Lagercrantz Group. We are in this way creating opportunities for a concentration of our resources to the Group’s prioritized growth areas. At the same time Uniweb and Delphi get a new long-term owner with extensive industrial competence in the areas of Customer Service and IT Service Management, which thus has excellent opportunities of further developing the companies.” Information about action program in progress in division Electronics During 2004 an action program has been in progress in Electronics, the largest division. The short-term focus has been on cutting costs and improving internal efficiency to restore the division’s profitability. Measures taken have yet to achieve sufficient effect to ensure a positive result during the second half of 2004/2005. This is a deviation from what was indicated in the semi-annual report dated November 10, 2004. The long-term goal of the action program remains, that is to create opportunities for a long-term favorable development of the division. Lagercrantz Group will therefore build stronger market position in niched technology areas where Lagercrantz Group can be a technology partner to the customer. Lagercrantz Group’s intention has been to record the expenses for the action program on a current basis. As a consequence of the changes now being made in the division, the costs will now be reported during the fourth quarter (January 1 – March 31, 2005). We expect those costs to be approximately MSEK 35, mainly relating to continued personnel cut-backs, setting aside provisions for unoccupied premises and costs due to inventory obsolescence taking the future orientation of Electronics into account. Stockholm, January 31, 2005 Lagercrantz Group AB (publ) For further information, contact: Per Ikov, CEO, Lagercrantz Group AB, telephone +46 8 700 66 70 Niklas Enmark, CFO, Lagercrantz Group AB, telephone +46 8 700 66 70 Lagercrantz Group, which is listed on the O-list of Stockholmsbörsen (the Stockholm Stock Exchange) has revenues of about SEK 1.5 billion and has about 570 employees. Within well-defined niches and in partnership with customers and producers, the Group offers products and solutions in electronics and communication that contribute to the competitiveness of customers. Lagercrantz Group is a leading player on the Nordic market and also has operations in the United Kingdom, Germany, Poland, Switzerland and Hong Kong. Lagercrantz Group consists of the parent company Lagercrantz Group AB with its two divisions Electronics, Production Services and business areas Digital Image Transmission, Communication, HeathComm and Software.