Interim Report January - September 2002

Interim Report January - September 2002 * Sales increased 2 percent to 10,317 MSEK (10,105) * Organic growth amounted to 5 percent * Strong volume growth for snuff * Operating income increased 16 percent to 1,865 MSEK (1,608)1) * EPS increased 21 percent to 3.11 SEK (2.56)1) * Restructuring program of 68 MSEK will provide savings in 2003 * EBITDA increased 13 percent to 2,370 MSEK (2,095)1) 1) excluding items affecting comparability Sales for the first nine months increased by 2 percent, to 10,317 MSEK (10,105) led by continued solid growth in snuff operations. Organic growth amounted to 5 percent. Currency translation impact compared to last year has reduced reported sales by 3 percentage points during the first nine months. Operating income excluding items affecting comparability grew by 16 percent to 1,865 MSEK (1,608). Most product areas experienced improved margins. In the third quarter there was a restructuring charge of 68 MSEK recorded as an item affecting comparability. Net financial expense for the first nine months was -202 MSEK (-197). Net interest expense was -192 MSEK (-218). Earnings per share, excluding items affecting comparability, increased by 21 percent to 3.11 SEK (2.56). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00500/wkr0001.doc The full report http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00500/wkr0002.pdf The full report

About Us

Swedish Match develops, manufactures, and sells quality products with market-leading brands in the product segments Snus and moist snuff, Other tobacco products, and Lights. Production is located in seven countries, with sales concentrated in Scandinavia and the US. The Swedish Match share is listed on Nasdaq Stockholm (SWMA). Swedish Match’s vision is a world without cigarettes. Some of its well-known brands include: General, Longhorn, White Owl, Red Man, Fiat Lux, and Cricket.

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