Press Release from Skandias Nominating Committee

Press Release from Skandia's Nominating Committee Skandia's Nominating Committee recommends that Björn Björnsson, Bengt Braun and Leif Victorin be elected as new directors on Skandia's board. In addition, the Committee recommends that Oonagh McDonald, Lars-Eric Petersson and Clas Reuterskiöld be re-elected to the board. Bengt Braun, b. 1946, is President of Bonnier AB. Björn Björnsson, b. 1946, has a number of Board positions as well as his own consultancy service within the financial area. Leif Victorin, b. 1940, is a former deputy CEO at Skandia. The Stockholm Chamber of Commerce and the Swedish Consumer Agency have appointed, also for the coming year, Maria Lilja and Boel Flodgren respectively. At this year's Annual General Meeting, the mandated period for Oonagh McDonald, Lars-Eric Petersson, Clas Reuterskiöld and Günter Rexrodt will expire. In addition, Lars Ramqvist and Melker Schörling have announced that they want to resign from the board in conjunction with this year's Annual General Meeting. If the Annual General Meeting votes in accordance with the Nominating Committee's recommendations, Skandia's board will be composed as follows: Björn Björnsson, Bengt Braun, Boel Flodgren, Eero Heliövaara, Maria Lilja, Oonagh McDonald, Willem Mesdag, Lars-Eric Petersson, Clas Reuterskiöld and Leif Victorin, plus three employee representatives. The Nominating Committee recommends that Bengt Braun be named as new Chairman while Leif Victorin be named as new Deputy Chairman. In addition the Nomination Committee recommends that Willem Mesdag be renamed as Deputy Chairman. Skandia's Nominating Committee has had five members, three representing the major shareholders, one representing the minor shareholders, and one of the policyholders of Skandia Liv. The Nominating Committee's members represent shareholders holding approximately 40% of the shares in Skandia. Contact persons: Tor Marthin, Chairman of the Nominationg Committee, +46-8-696 31 00 Gunilla Svensson, press officer Skandia, + 46-8-788 42 97 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/14/20030314BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/14/20030314BIT00460/wkr0002.pdf