Internal portfolio transfer

Internal portfolio transfer At an extraordinary general meeting today the decision was made, in accordance with the recommendation by the board of directors, that Skandia Insurance Company Ltd, by way of portfolio transfer, will transfer the main part of its property and casualty insurance business to its wholly owned subsidiary SkandiaNord Insurance Company Ltd. For further information, please contact: Birgitta Hammarström, Media Relations Manager, tel.: +46-8-788 2755, mobile phone: +46-70-378 2755 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/11/16/19981116BIT00270/bit0001.doc http://www.bit.se/bitonline/1998/11/16/19981116BIT00270/bit0002.pdf