Alecta freezes payment of client-company funds

10/3/2002 5:17 AM EST

As a consequence of the general trend of the stock exchange, Alecta has
decided, effective as of October 3, to temporarily freeze all use of
client-company funds.

Payments approved by Alecta through October 2 will be made as scheduled.

Additional information will be provided on October 31.

During the freeze period, Alecta will not conduct any matching in the
marketplace. Nor will Alecta implement any transfers of appropriation
rights to allocated funds.

For further information, contact:
Lars Otterbeck, President, Alecta
+46 8 441 66 60

Cecilia Schön Jansson, Senior Vice President, Corporate Communications,
Alecta
+46 8 441 93 50, +46 70 526 93 50