INVITATION: Vattenfall to present full-year 2004 results

The Vattenfall Group will release its 2004 full-year results on Friday, February 18. The results will be presented to the media and to financial analysts at a press meeting held in Swedish and at an analysts’ conference in English on the same day.

Report and press release A press release and the report on Vattenfall’s full-year results 2004 will be available at 09:00h CET on www.vattenfall.com, www.vattenfall.se and www.vattenfall.de in English, Swedish and German respectively. Press meeting at 10:00h At 10:00h CET, Vattenfall will host a press meeting at the company’s premises in Stockholm, Birger Jarlsgatan 33. Lars G Josefsson, President and CEO, will present the report together with Hans von Uthmann, Senior Executive Vice President and Head of Vattenfall Nordic. This meeting will be held in Swedish. N.B. Due to the tight time schedule, we will only be able to grant requests for one-on-one interviews by radio and television. Further one-on-one interviews may be booked after the analysts’ conference at Operaterassen after 13.00h. Analysts’ conference at 12:00h At 12:00h, the results will be presented by Lars G Josefsson and CFO Matts Ekman at an analysts’ conference at Operaterassen, Karl XII:s torg, in central Stockholm. The presentations will be followed by a questions & answers session and will be webcast live on the Internet. Of course, journalists are also welcome to the conference. You may also follow the presentation via Conference Call. To participate, please dial one of the following numbers a few minutes before 12:00 CET. The conference will be held in English. Dial-In numbers: +44 (0)20 7107 0611 (UK) +46 (0)8 5069 2105 (Sweden) +45 80 883140 (Denmark) +33 (0)1 7070 0543 (France) +49 (0)69 2 22220593 (Germany) Playback: The playback will be available 1 hour after the conference call for at least 72 hours. To listen to the playback, please dial: +44 (2)207 108 6233 and enter ID 384 # . Webcast To follow Vattenfall’s presentation on the Internet (video & slides), please click on www.financialhearings.com and select “Vattenfall”. The presentation will be archived for several months. Please note that you will need “Real Player” or “Windows Media Player” to follow the presentations. To download the presentation slides, please click www.vattenfall.com / Investors / Presentations. To attend the press meeting and/or the presentation at Operaterassen on site, please use the attached fax reply form or send an e-mail to press@vattenfall.com For more information, please contact: Klaus Aurich, Head of Investor Relations, telephone +46 8 7396514, +46 70 539 65 14. Martin May, Head of Group Media Relations, Vattenfall AB, phone +46 8-739 52 70. From Vattenfall's Press Office, telephone: +46 8 739 50 10. REPLY FORM I would like to participate ڤ At the press conference ڤ At the analysts’ meeting ڤ Please arrange for me to have a one-on-one interview at a convenient time with Lars G Josefsson. Name: Media: Telephone: e-mail: Please send this reply form to fax no. +46 (0)8 739 51 11 by e-mail to press@vattenfall.com or by mail to Vattenfall, Press Department, S-162 87 Stockholm.