Sale of Skandia Asset Management completed

Sale of Skandia Asset Management completed The sale of Skandia Asset Management to Den norske Bank (DnB), which was announced in a press release on 8 January 2002, was completed today after receiving all necessary regulatory approvals. The purchase price was SEK 3.2 billion, generating a capital gain of approximately SEK 2 billion. For further information, please contact: Harry Vos, Head of Investor Relations, Skandia, + 46-8-788 36 43 Carl-Henrik Knutsson, Communication Manager, Skandia, + 46-8-788 42 27 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/31/20020531BIT00580/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/31/20020531BIT00580/wkr0002.pdf