Ratos (40 %) acquired an 82.4 % stake in Tornet in December 2003, together with Lehman Brothers Real Estate Partners ("LBREP") (60%), through the jointly owned company LRT Acquisition. Together with LBREP, Ratos has changed Tornet's strategy, and over the past eighteen months the company has concentrated its property portfolio to Stockholm, Gothenburg and Malmö.

The transfer will be effected by Ratos and LBREP selling their holdings in LRT Acquisition. Ratos' capital gain, calculated on the book value of the holding in LRT Acquisition at 30 September 2005 and adjusted for proceeds from Tornet's reduction of share capital in October 2005, is expected to amount to just below SEK 800 mn. The final capital gain will, among other things, be adjusted for Ratos's share of the profit in the LRT group during the fourth quarter of 2005. The average annual return (IRR) from the investment in Tornet has been 70 %.

The sale is among other things subject to approval from the competition authorities. Fabege has also undertaken to make an offer of SEK 146 per share to Tornet's other shareholders within 21 days from the closing of this transaction.

For additional information, please contact

Arne Karlsson, CEO Ratos, +46 8 700 17 00 (+46 703 79 79 79  after 1 pm)

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

Year-end report 2005                                     23 February 2006

AGM                                                           4 April 2006, at 5:30 p.m.

Interim report January-March 2006                   11 May 2006

Interim report January-June 2006                      24 August 2006

Interim report January-September 2006             10 November 2006