Report on Operations full year 2004

• Sales in Swedish Crowns were 13,007 MSEK (13,036). In local currencies, sales were up 3% • Operating income amounted to 3,370 MSEK (2,224) • Operating income includes income of 1,521 MSEK from settlement with UST and expenses of 240 MSEK from match impairment charges and provisions • Net profit amounted to 1,828 MSEK (1,558) • EPS increased to 5.61 SEK (4.68) • The Board proposes an increased dividend to 1.90 SEK (1.70)

For further information, please contact: Sven Hindrikes, President and Chief Executive Officer Office +46 8 658 02 82, Mobile +46 70 567 41 76 Lars Dahlgren, Chief Financial Officer Office +46 8 658 04 41, Mobile +46 70 958 04 41 Bo Aulin, Senior Vice President, Secretary and General Counsel Office +46 8 658 03 64, Mobile +46 70 558 03 64 Emmett Harrison, Vice President, Investor Relations (IR) Office +46 8 658 01 73, Mobile +46 70 938 01 73 Richard Flaherty, Vice President, Business Control & CFO, IR (US) Office +1 804 302 1774, Mobile +1 804 400 1774