Notice of Extraordinary General Meeting of Skandia


STOCKHOLM, Sweden, Jan. 08, 2004 (PRIMEZONE) -- Shareholders of SKANDIA INSURANCE COMPANY LTD (publ) ("the Company") are hereby summoned to an Extraordinary General Meeting on Wednesday, 28 January 2004, at 4.30 p.m. (Swedish time). Location: Globe Arena, Annex, Arenatorget, Entrance 2, Stockholm, Sweden.

NOTIFICATION OF ATTENDANCE, ETC.

Shareholders intending to attend the Extraordinary General Meeting must


     -- be recorded as shareholders in the Shareholder Register maintained
        by the Swedish Securities Register Centre (VPC AB) as per 
        Friday, 16 January 2004, and must
     -- notify the Company of their intention to attend the Meeting not 
        later than 4.30 p.m. (Swedish time) on Friday, 23 January 2004. 
        Notification of intent to attend the Meeting can be made
        in writing to Skandia, Corporate Law, "EGM," SE-103 50 Stockholm,
        Sweden, by telephone Int. +46-8-788 30 68 or +46-8-788 25 99, 
        by fax Int. +46-8-788 15 50, or via the Internet at
        http://www.skandia.com/agm. Please note that if voting by proxy,
        power of attorney must be submitted to the Company in original 
        and may not be sent by fax or via the Internet. Data provided 
        to the Company will be used only for the Extraordinary General
        Meeting.

Shareholders whose shares are held in trust by a bank or private broker must temporarily register their shares in their own names in the Shareholder Register to be able to attend the Extraordinary General Meeting. Such registration must be completed not later than Friday, 16 January 2004. Shareholders are advised to notify the trustee well in advance of 16 January of their request to have their shares re- registered.

For the convenience of non-Swedish speaking shareholders, the proceedings of the Extraordinary General Meeting will be simultaneously interpreted into English, if so requested in connection with notification of attendance to the Extraordinary General Meeting.


 AGENDA AND PROPOSED DECISIONS
    1.  Opening of the Meeting
    2.  Election of a chairman to preside over the Meeting
        Nominating Committee Recommendation: Mr. Claes Beyer, Attorney 
        at Law.
    3.  Setting of the agenda
    4.  Election of a person to check and sign the minutes together with
        the chairman
    5.  Verification of the voting list
    6.  Decision as to whether the Meeting has been properly called
    7.  Decision on the number of Directors to be elected by the Meeting
        Nominating Committee Recommendation: Six Directors.
    8.  Election of Directors
        The Directors elected by the General Meeting are Mr. Bjorn
        Bjornsson (Chairman), Mr. Leif Victorin and Mr. Eero Heliovaara,
        all elected for the period through the 2004 Annual General
        Meeting, and Dr. Oonagh McDonald and Mr. Clas Reuterskiold, both
        elected for the period through the 2005 Annual General Meeting.
        Since the 2003 Annual General Meeting, Mr. Lars-Eric Petersson 
        and Mr. Bengt Braun have resigned from the Board. The remaining
        Directors elected by the General Meeting have declared their 
        seats available. The Nominating Committee's recommendation for 
        Directors will be made public through the issuance of a press
        release about a week prior to the Extraordinary General Meeting.
    9.  Election of Auditor
        One of the Auditors elected by the General Meeting, Mr. Jan
        Birgerson, Authorized Public Accountant, Ernst & Young, has
        announced that he wishes to resign from his assignment as 
        Auditor in connection with the Extraordinary General Meeting.
        Nominating Committee Recommendation: New-election of Mr. Bertel
        Enlund, Authorized Public Accountant, Ernst & Young, for the
        period through the 2004 Annual General Meeting.
   10.  Adjournment of the Extraordinary General Meeting

SWEDISH-SPEAKING SHAREHOLDERS

This summons to attend the Extraordinary General Meeting of Skandia Insurance Company Ltd (publ) can also be obtained in Swedish from Skandia, Corporate Law, SE-103 50 Stockholm, Sweden, by telephone Int. +46-8-788 30 68 or +46-8-788 25 99, by fax Int. +46-8-788 15 50, or it can be downloaded from Skandia's website http://www.skandia.com/stamma.

A welcome is extended to the shareholders to attend the Extraordinary General Meeting.

Stockholm, December 2003

The Board of Directors

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2004/01/08/20040107BIT01270/wkr0001.doc

http://www.waymaker.net/bitonline/2004/01/08/20040107BIT01270/wkr0002.pdf



            

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