Skandia ranked number one in the US

Skandia ranked number one in the US According to estimated data prepared by Info-One's Variable Annuity Research and Data Service (VARDS), the widely followed industry reporting service, Skandia was the US market leader in terms of net flows in variable annuities in 2000. Skandia's market share exceeded 10 per cent. Net flows - sales less withdrawals - show the company's ability to increase assets under management. Skandia's market share for gross sales increased to 6.0 per cent (5.5). Gross sales include internal sales within a company from an existing product to a another product. Skandia has a low percentage of internal sales compared with its competitors. Skandia's internal sales account for less than 2 per cent to total and were thus among the lowest of the major companies working in the market. With respect to new sales, excluding internal sales, Skandia is number three in the market with a share of 6.3 per cent. Comparison figures for 1999 are not available. Comments from Lars-Eric Petersson, President and CEO of Skandia: "We feel that measuring net flows and not only gross sales presents a better picture of the quality of business. It is therefore gratifying to say that we improved our market position in 2000 despite the turbulent stock market." For further information, please contact: Harry Vos, head of Investor Relations, Skandia, tel. +46-8-788 36 43 Timothy Klahs, Investor Relations, American Skandia, tel. +1-203-944 7530 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/09/20010309BIT00030/bit0001.doc http://www.bit.se/bitonline/2001/03/09/20010309BIT00030/bit0001.pdf