Öresund launches an activist fund

Investment AB Öresund ("Öresund"), a Swedish publicly listed
investment company managing approximately €1Bn, has decided to launch
an activist fund to take advantage of investment opportunities in
listed Nordic companies, where opportunities exists to create
shareholder value through operational, structural and/or financial
change initiatives.

The fund's goal is to be an active owner of 6 - 10 companies, each
with a market capitalization of over €1Bn. In the first stage, the
fund seeks capital of €500M - €1Bn from institutional investors in
the Nordic region, Europe and the US. Öresund will commit up to €200M
of its capital and the fund is expected to launch during the second
half of 2008.

The funds investment advisory committee will be Sven Hagströmer, Mats
Qviberg, Jonas Wahlström, Stefan Dahlbo and Stefan Charette. The
current deputy CEO of Öresund, Stefan Charette, will become CEO of
the fund.

Öresund will own 60% and be the majority stakeholder of the
management company, the remainder will be owned by members of the
board and staff. The formal decisions will be taken at Öresund's
general meeting."Launching a fund is a natural step in Öresund's goal to increase
shareholder returns through a larger capital base", says Sven
Hagströmer, Chairman of Öresund."We are delighted that Jonas Wahlström, whom we have known over 20
years, has decided to invest in the fund and head up it's investment
council", says Mats Qviberg, vice Chairman of Öresund."The fund's resources enables active ownership and Öresund's
involvement is a strength for attracting international capital" says
Stefan Dahlbo, CEO of Öresund."We will invest in public companies in the Nordic region where
opportunities exist to create shareholder value through operational,
structural or financial change initiatives. We will have a
concentrated portfolio and work closely with board members and
management teams of our portfolio companies." says Stefan Charette,
CEO of the Fund.

For additional comments; please call Stefan Dahlbo or Stefan
Charette, +46-8-402 33 00.

Stockholm, 8 January 2008

The Board of Directors
Investment AB Öresund
The Öresund Group consists of the parent company, Investment AB
Öresund, which is a pure investment company active in asset
management, and the subsidiary, Ven Capital AB. Ven Capital is
engaged in securities trading as a complement to the parent company's
investment management activities.

Investment AB Öresund traces its origins to
Sjöförsäkringsaktiebolaget Öresund, a marine insurance company
founded in 1890 with a share capital of SEK 300,000. In 1956 the
company was restructured with AB Sjö-Öresund becoming the parent
company of a group consisting of three marine insurance companies,
Öresund, Agir and Stockholms Sjö. In 1961, the shares in these three
companies were sold to Skandia in return for a portfolio of listed
shares and cash. AB Sjö-Öresund changed its name to Investment AB
Öresund.

The company was floated on the Stockholm Stock Exchange on May 10,
1962.

Öresund's overall goal as an investment company is to run its
business in such a way as to earn a healthy long-term yield for its
shareholders.