At the disposal of the Annual General Meeting:


SEK
Retained earnings24,846,600,112
Net income20,001,420,237
Total44,848,020,349

The Board proposes that this sum be appropriated as follows:


SEK
SEK 1.80 per share ordinary dividend to the shareholders8,082,822,983
SEK 2.20 per share extra dividend to the shareholders9,879,005,869
To be carried forward to 200826,886,191,497
Total44,848,020,349

The Board of Directors and the President and CEO certify that the consolidated financial statements have been prepared in accordance with IFRS as adopted by the EU and give a true and fair view of the Group's financial position and results of operations. The financial statements of the Parent Company have been prepared in accordance with generally accepted accounting principles in Sweden and give a true and fair view of the Parent Company's financial position and results of operations.

The Report of the Directors for the Group and the Parent Company provides a fair review of the development of the Group's and the Parent Company's operations, financial position and results of operations and describes material risks and uncertainties facing the Parent Company and the companies included in the Group.

Stockholm, March 11, 2008

Tom von Weymarn, Chairman

Agneta Ahlström

Maija-Liisa Friman

Elof Isaksson

Conny Karlsson

Lars G Nordström

Timo Peltola

Jon Risfelt

Caroline Sundewall

Berith Westman

Lars Nyberg, President and CEO

Our auditors' report was rendered March 14, 2008

PricewaterhouseCoopers AB

Göran Tidström, Authorized Public Accountant, Auditor in charge

Håkan Malmström, Authorized Public Accountant