Interim Report January - March 2003

- Sales reached 3,006 MSEK (3,317)

- Sales were flat in local currencies

- Continued volume growth for snuff

- Operating income declined to 516 MSEK (605) or by 15 percent

- Currency impact reduced operating income by 64 MSEK, or 11 percent

- EPS was 0.99 SEK (1.02)

- Total shares outstanding as of March 31, 2003 was 334.3 million (350.0) For further information, please contact: