Skandia's Nominating Committee

Stockholm, SWEDEN

STOCKHOLM, Sweden, Nov. 15, 2005 (PRIMEZONE) -- The following persons have now been appointed to serve on the nominating committee ahead of the 2006 Annual General Meeting:

 -- Paolo Pellegrini, Paulson & Co Inc. 
 -- Carl Rosen, Second and Fourth National Swedish Pension Funds 
 -- Per Granstrom, Fidelity Investments International 
 -- Lars Froberg, Cevian Capital 
 -- Sten Trolle, Aktiespararna

Skandia's chairman, Lennart Jeansson, is a co-opted member of the committee.

According to the AGM's resolution, the nominating committee's mandate is to draft and submit recommendations to the AGM for:

 -- election of a chairman to preside over the Annual General Meeting 
 -- directors' fees 
 -- the number of directors 
 -- election of directors 
 -- auditors' fees 
 -- election of auditors

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