INTERIM REPORT JANUARY-SEPTEMBER 2002


·The nine-month result after financial net was a loss of MSEK
76.9 (loss MSEK 176), of which write-downs in the value of Ledstiernan's
portfolio account for MSEK 65 (150) of which MSEK 50 was already charged
during the first half year. The write-downs were made necessary by the
generally weak trend in company values during the year.

·In June, Ledstiernan acquired Speed Ventures for MSEK 147 in
shares and convertibles. The transaction represents an injection of MSEK
133 in liquid funds (after deduction of transaction costs) and brings
into the Group 10 portfolio companies in Ledstiernan's focus area with
an acquisition value of MSEK 24.

·Equity amounted to MSEK 634 (602) including the acquisition of
Speed Ventures. The equity ratio was 93%.

·Investments in Ledstiernan's portfolio during the period
amounted to MSEK 70, a significant reduction on the...