Hanse Ringström New CEO of the Sinser Group

HANSE RINGSTRÖM NEW CEO OF THE SINSER GROUP Hanse Ringström succeeds Mats Lindkvist as CEO of the Sinser Group. Hanse Ringström, 50 years of age, has spent his previous career in banking. He has held different senior positions within the international division of the SEB-group i.e. General Manager of the SEB Hong Kong branch, Senior Client Executive and most recently as Deputy head of the Project & Structured Finance unit. After 14 successful years as CEO of Sinser, Mats Lindkvist will leave his position at the year end and assume a rôle as senior advisor to his successor Hanse Ringström. Hanse Ringström´s task as the new CEO will be to build on Sinser´s performance and further strengthen the company's position in the global captive markets. Sinser is owned by it's clients and Skandia (90%) and is today the leading captive manager in Europe and third in the global market. For further information please contact: Hans-Erik Andersson, Chairman Sinser, Executive Vice President, Skandia, tel 08-788 32 73 Katarina Mohlin, Head of Corporate Communications, Skandia, tel 08-788 48 86 October 15, 1998 Skandia Insurance Company Ltd S-103 50 Stockholm Telephone +46-8-788 10 00 Telefax +46-8-788 30 80 http://www.skandia.se Office: Sveavägen 44 (sinse.eng.doc)