Skandia's Nominating Committee

Carl-Olof By, Executive Vice President of Industrivarden, today informed
Skandia's Nominating Committee that he will no longer be participating
in the Committee's work. The background to this is that, in connection 
with the fact that the proposal to Skandia's board has now been submitted 
to the Extraordinary General Meeting, Carl-Olof By feels that he has 
completed his assignment. Industrivarden sold its entire holding in 
Skandia at the end of December 2003.