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Skandia to summon extraordinary general meeting


WEBWIRE

Old Mutual today announced that acceptances of its offer have been validated repre¬senting 72,3% of all the shares in Skandia Insurance Company Ltd (publ.), and that it declares the offer unconditional and that the acceptance period will be extended until 9 February 2006.

In consultation with Old Mutual, Skandia’s board has decided that an extraordinary general meeting will be held on Tuesday, 21 February 2006, at 4.30 p.m. The extra¬ordinary general meeting will involve election of a new board for Skandia. Notices of the meeting will only be made in daily newspapers. Information will also be available well in advance on Skandia’s website: www.skandia.com. The record date for the right to attend the meeting will be 10 February 2006, at which time nominee-registered shares must be re-registered in the owner’s name.

Information regarding year-end report 2005
Skandia’s year-end report will be released earlier than scheduled, on 21 February 2006. The report will be available to the market prior to the opening of the Stockholm Stock Exchange, and a press conference along with a live webcast will be held at Skandia on Tuesday, 21 February 2006, at 10.30 a.m.

Market shares
On Wednesday, 15 February 2006, the Swedish Insurance Federation will report on market shares for the Swedish life assurance market. In connection with this, Skandia will present sales figures for the group as a whole and comment on the company’s market shares in Sweden.



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