Press Release from Skandia's board: Skandia's board has named Jan Erik Back and Michael Wolf as Executive Vice Presidents of Skandia


STOCKHOLM, Sweden, May 11, 2004 (PRIMEZONE) -- Skandia's Executive Management consists, in addition to President and CEO Hans-Erik Andersson, of Executive Vice President Jan Erik Back (CFO), Jan-Mikael Bexhed Executive Vice President (Corporate Law), Executive Vice President Odd Eiken (Communication & Strategy), Executive Vice President Gert Engman (Head of Sweden Division from 1 August 2004), Jennifer Rhule (Human Resources), Executive Vice President Alan Wilson (UK & Asia-Pacific), and Executive Vice President Michael Wolf (Europe and Latin America).

For further information, please contact: Gunilla Svensson, Press Manager, tel +46-8-788 42 97

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http://www.waymaker.net/bitonline/2004/05/11/20040511BIT00310/wkr0001.doc

http://www.waymaker.net/bitonline/2004/05/11/20040511BIT00310/wkr0002.pdf