Ratos is indirectly - via the holding company LRT Acquisition AB (LRT) - the owner of 33% of the shares in Tornet. Based on the consolidated book values in the LRT Group and its ownership share in Tornet, the LRT Group's net profit is expected to exceed SEK 350m.

Ratos's share of the LRT Group's earnings will be reported as a profit share from LRT/Tornet in the fourth quarter of 2004.

Please refer to Tornet's press release for further information regarding the deals.

For additional information, please contact:

Bo Jungner, Senior Investment Manager Ratos, +46 8 700 17 85

Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 70 399 62 39

Financial calendar from Ratos:

Interim report January-September 2004  12 November 2004

Year-end report 2004             23 February 2005

Interim report January-March 2005      12 May 2005

Interim report January-June 2005  24 August 2005