Update on situation within HQ AB


· HQ Bank has been sold
· Total pro forma equity is SEK 60.8 million, corresponding to SEK 2.18 per share
· HQ Bank’s right to seek redress for damages against corporate bodies, auditors and the government has been transferred to HQ AB 
· The accounting firm KPMG AB and the chief auditor have announced that they are resigning from their HQ AB duty
· HQ AB will continue as a listed company. All decisions on continued activities will be taken at the extraordinary general meeting on 28 September 2010 during which a new Board of Directors will be appointed and new auditors will be selected

As previously announced, on 3 September 2010 HQ AB sold all of its shares in its subsidiary HQ Bank AB, including the option to acquire HQ Fonder Sverige AB, to Carnegie group. This sale was a consequence of the 28 August 2010 revocation by the Swedish Financial Supervisory Authority (FSA) of all HQ Bank licences and the FSA’s notification that it intended to submit an application for...

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Hagströmer & Qviberg AB's activities are concentrated on the financial markets.

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