Statutory Board of Directors meeting in Lagercrantz Group AB 23 August 2006

Chairman, Vice Chairman and President At the Annual Meeting, Anders Börjesson, was re-elected as Chairman of the Board of Directors. At the Statutory Board of Directors meeting Tom Hedelius was re-elected as Vice Chairman. Jörgen Wigh was appointed to serve as President & Chief Executive Officer. Stockholm, 23 August 2006 Lagercrantz Group AB (publ) Board of Directors For further information, contact: Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 66 70 Niklas Enmark, CFO, Lagercrantz Group AB, telephone +46 8 700 66 70