Interim report January - June 2008

On June 30, 2008, net asset value after deferred tax amounted to SEK 25.4 billion (SEK 410 per share), compared with SEK 30.4 billion (SEK 490 per share) at December 31, 2007. The corresponding values on August 22, 2008 were SEK 26.0 billion (SEK 419 per share).

Consolidated net sales amounted to SEK 11,371 m. (11,826).

After taxes, a consolidated loss of SEK 233 m. (profit: 2,595) was reported, of which minorities accounted for SEK 239 m. (1,152). The earnings deterioration was due mainly to the impairment of listed shares and a decrease in the value of properties.

A loss (excluding minorities) per share of SEK 7.61 (earnings: 23.27) was reported.