Hans G. Svensson Takes up New Position in Nordic Division

Stockholm, SWEDEN


STOCKHOLM, Sweden, July 29, 2005 (PRIMEZONE) -- Hans G. Svensson, head of Corporate Communications, will be taking up a newly established position as head of Public Affairs in the Nordic Division, effective 1 August 2005. In that role he will have responsibility for the division's business intelligence and public affairs. Svensson will be a member of the division's management team.

"I am very happy to see Hans join us. He has a depth of knowledge and involvement in various community matters and extensive experience in both social insurance and pension systems. This is a step in our efforts to strengthen our position in the Nordic market," says Gert Engman, Executive Vice President and head of the Nordic Division.

In connection with this, Han G. Svensson is leaving the Executive Management Board. No new head of Corporate Communications will be recruited for the time being. The day-to-day information responsibility will continue to lie with Harry Vos, head of Investor Relations, and Gunilla Svensson, Press Manager. Organisationally they are part of the CEO's staff.

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