Year-End Report 2009

· On December 31, 2009, net asset value after deferred tax amounted to SEK 28.0 billion (SEK 452 per share), compared with SEK 22.1 billion (SEK 356 per share) at December 31, 2008. The corresponding values on February 19, 2010 were SEK 27.6 billion (SEK 444 per share).

· Consolidated net sales amounted to SEK 21,073 m. (22,350).

· Operating profit totaled SEK 2,987 m. (loss: 1,965). Operating profit excluding impairment losses, reversals of impairment losses and unrealized changes in value amounted to SEK 3,544 m. (3,186).

· Profit after taxes amounted to SEK 2,119 m. (loss: 2,025), of which minorities accounted for SEK 531 m. (219).

· Earnings (excluding minorities) per share amounted to SEK 25.61 (loss: 36.19).

· The Board of Directors proposes a dividend of SEK 6.50 (6.00) per share.

· In February 2010, the entire holding in NCC was divested for SEK 1.2 billion, generating a capital gain of SEK 439 m.