Clarification Regarding the Stockholm Stock Exchange's Notification Concerning Old Mutual's Bid for Skandia

Stockholm, SWEDEN

STOCKHOLM, Sweden, Sept. 19, 2005 (PRIMEZONE) -- The Stockholm Stock Exchange has filed a report of the circumstances surrounding Old Mutual's bid for Skandia to the Swedish Financial Supervisory Authority and the National Economic Crimes Bureau. According to the Stockholm Stock Exchange, there are suspicions of insider trading in Skandia shares related to leaks surrounding the offer and the offer process.

In its report on the stock exchange's notification on Friday's evening editions, Swedish Television (SVT) gave the impression that the notification concerned actions by Skandia as a company and that Skandia's board and management had handled the offer process incorrectly and thereby were guilty of market manipulation. This is not correct. The Stockholm Stock Exchange's Head of Oversight, Anders Ackebo, has clarified in interviews that the material in the notification does not point out any specific person or any specific company. According to what is stated in the interviews, the notification is not directed at Skandia as a company.

Skandia welcomes the Stockholm Stock Exchange's notification and an investigation of the matters in question by the authorities.

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