Lundbergs Year-End Report 2008

On December 31, 2008, net asset value after deferred tax amounted to SEK 22.1 billion (SEK 356 per share), compared with SEK 30.4 billion(SEK 490 per share) at December 31, 2007. The corresponding values on February 17, 2009 were SEK 21.4 billion (SEK 345 per share).

Consolidated net sales amounted to SEK 22,350 m.(23,049).

The operating result amounted to a loss of SEK 1,965 m.(profit: 7,934).Excluding impairment losses and unrealized changes in value, operating profit amounted to SEK 3,186 m.(4,255).

After taxes, a consolidated loss of SEK 2,025 m.(profit: 5,010) was reported, of which minorities accounted for a profit of SEK 219 m. (2,404).

A loss (excluding minorities) per share of SEK 36.19 (earnings: 42.02) was reported.

The Board of Directors proposes a dividend of SEK 6.00 (9.00) per share.