IFRS-adjustments and -corrections relating to prior periods

Documents regarding adjustments attributable to corrected IFRS values and changed Business Areas:

These documents show how the quarterly Income Statements and Balance Sheets have been adjusted attributable to;

Corrections of IFRS values
- Changed calculations of costs relating to employee stock option programs as a consequence of adopting URA 46
- Corrections of previously incorrect values on loans and real estate

Changed Business Areas and transfer of investments between these
- 3 Scandinavia has been transferred to the new business area Operative Investments and in connection with that accounting in accordance with the equity method has been adopted
- Active Portfolio Management has been transferred from Operative Investments to Financial Investments

Some of these adjustments have resulted in rounding differences in the documents.

Documents regarding correction of amounts in the IFRS opening balances:

As a consequence of a renewed review of the IFRS accounting, corrections have been made to the opening balances per January 1, 2004, the result for the full year of 2004 and the Balance Sheet per December 31, 2004. The corrections are due to the following;

• Changed calculations of social security costs for employee stock option programs due to adoption of URA 46.
• Corrections of the fair values of loans and real estate.
• The change of classification of the investment in 3 Scandinavia has lead to that it is accounted for using the Equity Method instead of, as in previous opening balances, using Fair Value.