Skandia Life-Diligentia

Skandia Life controls 97.8 percent of shares and voting rights in Diligentia Skandia Life Insurance Company Ltd (Skandia Life) now controls, through its wholly owned subsidiary Skandia Life Insurance Company Real Estate Investments Ltd (Skandia Life Real Estate Investments), 97.8 percent of the total shares and voting rights in Diligentia. Due to the large number of shareholders, who have not yet submitted their acceptance, Skandia Life Real Estate Investments is extending the offer until August 15, 2000. The right to withdraw acceptance does not apply during the extension. Payment for shares submitted during the extended acceptance period is expected to commence late August, 2000. Skandia Life Real Estate Investments reserves the right to acquire shares in Diligentia on the stock market. Skandia Life Real Estate Investments intends to commence compulsory redemption of the remaining shares in Diligentia after the annual general meeting June 19, 2000. Skandia Life Insurance Company Ltd (publ) Skandia Life Insurance Company Real Estate Investments Ltd For further information, please contact: Ulf Spång, Chief Financial Officer, Skandia, tel, +46-8-788 29 05 Håkan Lennarsand, Head of Real Estate, Skandia, tel, +46-8-788 33 06 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/14/20000614BIT00060/bit0001.doc http://www.bit.se/bitonline/2000/06/14/20000614BIT00060/bit0002.pdf