Skandia applies for delisting from the Frankfurt Stock Exchange


STOCKHOLM, Sweden, Sept. 24, 2003 (PRIMEZONE) -- Skandia's (Other OTC:SKNFF) (LSE:SDIAq) board has decided to apply for a delisting of Skandia's shares from the Frankfurt Stock Exchange. The reason for the decision is the low volume of trading in Skandia's shares, among other things.

Skandia previously applied for a delisting from the Copenhagen Stock Exchange, and the final day of trading for Skandia's shares in Copenhagen was 28 May 2003. After the delisting from the Copenhagen and Frankfurt exchanges, Skandia's shares will continued to be listed on the Stockholm and London Stock Exchanges.


 For further information, please contact:
 Harry Vos, Head of Investor Relations
 tel. +46-8-788 3643

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