Skandia Submits Application to London Stock Exchange for Listing of New Shares

Stockholm, SWEDEN

STOCKHOLM, Sweden, June 28, 2005 (PRIMEZONE) -- Skandia's extraordinary general meeting in 2002 decided on an employee stock option programme which is described in detail in Skandia's annual report for 2004 (page 116).

Skandia has submitted an application to the London Stock Exchange and the U.K. Listing Authority for the listing of 443,185 Skandia shares issued in connection with Skandia's employee stock option programme. The application relates to Skandia shares issued until and including 1 June 2005. The new shares do not require any specific registration procedure at the Stockholm Stock Exchange. The information provided above is therefore only of a technical nature. Further information about Skandia shares is available on Skandia's Web site

For further information, please contact: Gunilla Svensson, Press Manager, Skandia, tel. +46-8-788 42 97

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