Alecta sells Celexa to Aberdeen Asset Management

4/17/2001 9:07 AM EST

Alectas wholly owned real estate investment management companies Celexa
Fastighetskapital AB in Sweden, Celexa Real Estate Investment Management
Ltd in Great Britain and Celexa Real Estate Investment Management BV in
Holland have been sold to Aberdeen Asset Management PLC, Great Britain.
The transaction is expected to be concluded in May 2001. The Celexa
companies will continue to manage Alecta's real estate in Sweden, Great
Britain, the Netherlands and Germany.

The staff of the Celexa companies is around 220 people, of which 177 are
in Sweden. Total assets under management are around 27 billion SEK of
which more than 90 % is owned by Alecta. The management of Alecta's real
estate in the US is not effected by this transacation.

- This deal is a further step in the concentration and focusing
of our business. Aberdeen is better suited than Alecta to continually
develop the Celexa companies and will therefore give the Celexa staff
better prospects. For Alecta as a client Aberdeen will be a very
competitive business partner, says Lars Otterbeck, managing director of
Alecta.

Aberdeen Asset Management PLC is quoted on the stock exchanges in London
and Singapore. Aberdeen manages around 28 billion pounds around the
world. All asset classes are represented in their portfolio.

Alecta has been advised in this process by Wiklund & Partner Finansiell
Rådgivning in Stockholm.

For further information please contact:
Lars Otterbeck, CEO, Telephone: +46 8 441 66 60
Cecilia Schön Jansson, Senior Vice President, Communications, Telephone:
+46 8 441 93 50
or +46 70 526 93 50