Auditors' Liability at Skandia

Stockholm, SWEDEN

STOCKHOLM, Sweden, March 31, 2005 (PRIMEZONE) -- In connection with the notice of Skandia's Annual General Meeting that was issued on 17 March 2005, the Board announced that an investigation into the possibility of holding Skandia's former auditors liable for damages was not yet completed.

Since this investigation has still not yet been completed, the issue of auditors' liability will not be taken up at Skandia's Annual General Meeting on 14 April 2005. The Board will return to this issue once the investigation has been completed. At present it cannot be determined when this will take place.

The issues under focus in the continuing investigation are not affected by the statute of limitations in connection with the 2005 Annual General Meeting.

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