YEAR-END REPORT 2005

FULL YEAR - Order intake increased by 14 percent currency adjusted to SEK 5,340 M (4,598). - Net sales increased by 11 percent currency adjusted to SEK 5,130 M (4,543). - Net earnings of SEK 252 M (200). - Earnings per share of SEK 10.17 (8.20). - Improved earnings and sales in all divisions. - New dividend policy – increased to 50 percent of net earnings. - The Board of Directors proposes a dividend increase of SEK 1.50 to SEK 5.50 per share. [REMOVED GRAPHICS] FOURTH QUARTER - Order intake increased by 21 percent currency adjusted to SEK 1,440 M (1,089). - Net sales increased by 13 percent currency adjusted to SEK 1,543 M (1,270). - The operating margin for the quarter exceeded 10 percent. - Net earnings of SEK 104 M (65). - Earnings per share SEK 4.19 (2.67). - Strong earnings trend in all divisions. - Invoicing of SEK 160 M attributable to hurricane Katrina, which was SEK 59 M more than for similar events during the preceding year. [REMOVED GRAPHICS] For further information, please contact: Lennart Evrell, Chief Executive Officer, phone +46-8-626 63 03, lennart.evrell@munters.se Jonas Samuelson, Chief Financial Officer, phone +46-8-626 63 06, jonas.samuelson@munters.se