Press Release

The share price of Spectra-Physics Lasers, Inc., which is listed on Nasdaq and owned to 80,4 percent by Spectra-Physics AB, dropped significantly on June 30. From the date of the profit warning issued by Spectra-Physics Lasers, Inc., on June 16 1998, no new information has come forward that has caused Spectra- Physics AB to change its view on the operations and development of Spectra- Physics Lasers, Inc. Stockholm July 1, 1998 Spectra-Physics AB (publ) Information Department