New Investments business to adapt organization

New Investments business to adapt organization

In order to adapt its activities to the current business climate,
Investor Growth Capital has reviewed its cost structure and
organization. Due to a lower volume of business and stiff competition
for attractive investments in the venture capital market, it has been
decided to reduce the cost level. Measures to adapt the organization are
expected to reduce annual costs for Investor by approximately SEK 75 m.,
corresponding to about 25 percent of the overall cost level for the New
Investments business. Additional information, such as details about
personnel changes and the restructuring reserve, will be provided in
conjunction with the release of Investor's first quarter report for
2004.

Investor Growth Capital is focused on investments in the healthcare and
information technology sectors in Asia, Europe and the United States.

For further information:

Fredrik Lindgren, Vice President, Corporate Communications:
+46 8 614 20 31, +46 735 24 20 31