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Ratos AB: Arcorus, et al: Canadian statement of claim without legal ground

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With reference to details published in today's press about a statement of claim in a Canadian court against companies included in Ratos's portfolio (Arcorus, Atle Karolin, Hägglunds Drives, et al) in consultation with Arcorus, Ratos has decided to issue the following comments:
-    The statement of claim, which was submitted to a Canadian court in October, but served on Arcorus, et al, in April 2003, is without legal ground and is totally rejected by the defendants. The amounts mentioned in the statement of claim - which moreover in central aspects is not yet well-founded - lack all merit and connection with the business events referred to in the statement of claim, says Arne Karlsson, CEO of Ratos


For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00




Financial calendar from Ratos:
Interim Report January-June 2003  27 August 2003
Interim Report January-September 2003  12 November 2003

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