Sales increase for 23rd consecutive quarter

rd *) Sales increase for 23 consecutive quarter Skandia's sales for the full year 2000 amounted to SEK 197.7 billion (133.9). This corresponds to an increase of nearly 50 per cent, which is equal to the average rate of growth during the last four years. Sales of unit linked assurance increased to SEK 140.2 billion (93.0), and sales of mutual fund savings products to SEK 53.6 billion (37.1). Sales during the fourth quarter amounted to SEK 43.6 billion (38.9). Sales in December totalled SEK 13.4 billion (16.4). The trend in the world's stock markets was negative in December 2000, while the same month a year ago showed a strong market upswing. This explains the SEK 2.3 billion decline in sales of mutual fund savings products in the USA compared with December 1999. In the USA, sales for the full year 2000 rose to USD 12.2 billion (10.2), broken down into variable annuities, USD 8.2 billion (6.9), and mutual funds, USD 4.0 billion (3.3). Sales of variable annuities in December were unchanged compared with November. Outside the USA, sales increased during the fourth quarter by 61 per cent and for the entire year 2000 by 76 per cent. In the UK, sales for the full year doubled to GBP 4.1 billion (2.1), and in Sweden they increased to SEK 10.8 billion (6.2). Sales of unit linked assurance and mutual fund savings products in new markets for the full year 2000 amounted to SEK 14.9 billion (12.0). Following increases in local currency of 92 and 224 per cent in Germany and Japan respectively, sales now exceed SEK 1.4 billion in Germany and SEK 1 billion in Japan, while in Switzerland sales are in excess of SEK 2 billion. Sales in Japan doubled in December compared with November. Following a calmer trend earlier in the year, Italy showed strong sales development in December. Sales through December, converted at average exchange rates, were positively affected by exchange rate movements in the amount of SEK 12.6 billion. Skandia's year-end report for 2000 will be released on 14 February 2001. For further information, please contact: Harry Vos, Head of Investor Relations, tel. +46-8-788 3643 Appendix: Sales per month and exchange rates in 2000 and 1999 Sales per month 2000 1999 (SEK billion) January 16.8 7.1 February 18.7 8.6 March 24.0 11.6 April 18.6 12.0 May 17.4 11.4 June 15.6 11.7 July 14.2 11.5 August 14.8 11.0 September 14.0 10.1 October 15.6 10.0 November 14.6 12.5 December 13.4 16.4 Sales per month SEK billion [Removed Graphics] Exchange 2000 2000 1999 1999 rates 31 Dec. 30 Sept. 31 Dec. 30 Sept. SEK EUR Closing rate 8.86 8.52 8.56 8.70 EUR Average rate 8.45 8.39 8.81 8.87 GBP Closing rate 14.22 14.16 13.80 13.48 GBP Average rate 13.86 13.71 13.37 13.30 USD Closing rate 9.54 9.68 8.53 8.20 USD Average rate 9.17 8.92 8.27 8.24 JPY Closing rate 0.083 0.090 0.083 0.077 JPY Average rate 0.085 0.083 0.073 0.071 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/19/20010119BIT00430/bit0001.doc http://www.bit.se/bitonline/2001/01/19/20010119BIT00430/bit0002.pdf