Skandia Notification


STOCKHOLM, Sweden, March 11, 2005 (PRIMEZONE) -- Skandia: Two typing errors have been discovered on page 31 in the Q4 2004 results press release, which was released on 28 February 2005.

The correct numbers for Return on equities for Euro Countries for the period to 31 Dec, 2004 is 6.20-6.30%

The correct number for Test M in the Sensitivity to changes in other assumptions `Effect using actual solvency rate at beginning of period' for the Value of business in force is -392.

Please find the amended page 31 attached. All amendments have been made in the results materials available on our website, www.skandia.com.

We regret any inconvenience this may have caused.

For further information, please contact:

Jan Erik Back, Chief Financial Officer, tel. +46-8-788 3720



 ASSUMPTIONS FOR CALCULATING SURPLUS VALUES OF
 UNIT LINKED BUSINESS IN FORCE

           Long-term govt.
              bond rate                      Return on
                                             equities
             2004     2003                   2004   2003
 %             31       31                     31     31
             Dec.     Dec.                   Dec.   Dec.
 UK          4.54     4.79                   6.97   7.24
 Sweden      3.97     4.78                   6.47   7.28
 Euro        3,66-    4,28-                  6,20-  6,78-
 countries   3,80     4,40                   6,30   6,90


           Inflation                       Discount rate
             2004     2003                   2004   2003
 %             31       31                     31     31
             Dec.     Dec.                   Dec.   Dec.
 UK          4.00     3.90                   7.00   7.30
 Sweden      2.80     3.10                   6.50   7.30
 Euro        2,50-    2,50-                  6,20-  6,80-
 countries   3,50     3,40                   6,30   6,90

 SENSITIVITY ANALYSIS, UNIT LINKED ASSURANCE
 SEK million
 Effect on operating result for unit linked assurance (before tax) of a
 one percentage point increase in interest-rate, growth and inflation   
 assumptions applied in valuing the in-force business


                                    Test A Test B Test C    Test D
                                  Discount Equity   Bond   Expense
                                                                    Total
                Exposure 1)           rate return return inflation effect
                        

 Value of business in force at 31
 Dec. 2004
 UK                 12,368            -636   +325   +123       -40   -228
 Sweden              7,766            -686   +435    -25       -99   -375
 Other markets       7,332            -416   +203    -35      -173   -421
 Total in           27,466          -1,738   +963    +63      -312 -1,024
 force

 Present value of new business for the
 year, unit linked
 UK                    662            -157   +192    +72       -15    +92
 Sweden                377             -61    +35     -1       -10    -37
 Other markets         831            -118    +53     -4       -54   -123
 Total new           1,870            -336   +280    +67       -79    -68
 business


                                                     Present value
                                           Value of         of new
                                                          business
 Sensitivity to changes in                 business  for the year,
 other assumptions
 Test                                       in         unit linked
                                           force
 E      One-time effect of a 1% decrease       -120
        in stock market 2)
 F      One-time effect of a 1% increase       +105
        in stock market 2)
 G      10% increase in internal               -514           -116
        maintenance expenses
 H      10% increase in internal                              -174
        acquisition costs
 I      10% increase in surrender              -773           -153
        assumptions
 J      Increase of 5 b.p. in distribution     +725           +109
        compensation for funds under
        management
 K      10% increase in mortality rates          +7             +3
        for ages greater than 65
 L      Impact of using end-of-                   -            -38
        period assumptions
 M      Effect using actual solvency rate      -392            -34
        at beginning of period

 1) Value of business in force is based on end-of-period
 assumptions. Present value of new business for the year, unit
 linked, is based on assumptions at the start of the year. Before
 deduction of taxes and deferred acquisition costs.
 2) The difference in the one-time effect is due to a
 change in the tax situation for Skandia Life UK.

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The following files are available for download:

http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=79271&fn=wkr0001.pdf