Graninge: Mid-Year Result for 2003 -- Up 16 Per Cent Over Previous Year


STOCKHOLM, Sweden, July 10, 2003 (PRIMEZONE) -- Graninge (Other OTC:GRGEF):

Profit before tax for the period January-June 2003 amounted to a preliminary MSEK 453 (389), up 16 per cent over the corresponding period of last year.

Profit for the full year is expected to exceed the 2002 level by over 10 per cent, provided that run-off is normal throughout the rest of the year. The spring flood was weak and the summer has started with very low run-off to the reservoirs.

A full report will be published on August 22, 2003.

For additional information:

Lars Enslof, VD Graninge AB, +46 (0)8-753 50 04, +46 (0)70-593 15 46

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

The following files are available for download:

http://www.waymaker.net/bitonline/2003/07/10/20030710BIT00500/wkr0001.doc

http://www.waymaker.net/bitonline/2003/07/10/20030710BIT00500/wkr0002.pdf


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