Nordic Capital’s holding of shares in Finnveden amounts to 86.4 per cent

-Nordic Capital’s holding after the extended acceptance period amounts to 86.4 per cent of the votes and 86.5 per cent of the capital in Finnveden -Nordic Capital extends the offer until February 18, 2005 -Finnveden will be de-listed from the Stockholm Stock Exchange as from February 21, 2005

Cidron Invest AB’s, a wholly owned subsidiary of Nordic Capital Fund V, ("Nordic Capital") public offer to the shareholders in Finnveden AB (publ) ("Finnveden") has in total during the ordinary and the extended acceptance periods been accepted by shareholders representing 1,995 shares of series A and 20,213,772 shares of series B (of which 4,353,539 shares of series B during the most recent extension of the acceptance period), corresponding to approximately 76.2 per cent of the votes and capital in Finnveden. Nordic Capital has also acquired 2,728,000 shares of series B in Finnveden (of which 8,000 shares were acquired during the most recent extension of the acceptance period), corresponding to approximately 10.3 per cent of the votes and the capital in Finnveden. Finnveden shares tendered under the offer and shares acquired by Nordic Capital amount in aggregate to 1,995 shares of series A and 22,941,772 shares of series B, corresponding to approximately 86.4 per cent of the votes and 86.5 per cent of the capital in Finnveden. For shareholders who have accepted Nordic Capital’s offer during the period January 8-20, 2005, settlement will be initiated on or about January 26, 2005. As announced by Finnveden, Finnveden and the Stockholm Stock Exchange have agreed that the shares in Finnveden will be de-listed from the Stockholm Stock Exchange as from February 21, 2005 and that the last day of trading will be February 18, 2005. To enable those shareholders who have not yet accepted the offer to participate in the offer, Nordic Capital has decided to extend the acceptance period until 5 p.m. CET on Friday February 18, 2005. For shareholders who accept the offer during the coming extension, settlement is expected to occur on or about February 24, 2005. Nordic Capital may acquire additional Finnveden shares in the market. Stockholm, January 24, 2005 Cidron Invest AB Board of Directors For further information, please contact: Ulf Rosberg, Partner, Nordic Capital, phone +46 8 440 50 50