Press release; Feb 11, 2005 12:09 PM CET

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