Effective on 1 February, Alecta will be the name of Sweden's largest
occupational pension companies with more than SEK 350 billion in managed
assets.

In December last year, it was decided that SPP would sell parts of its
1
operations, including its name and brand, to Handelsbanken . The Parent
Company is now changing its name to Alecta and will concentrate on
administering and managing pensions for the approximately 1.4 million
privately employed salaried employees and pensioners who are covered by
the ITP Plan.

Assets under management currently total more than SEK 350 billion, which
makes Alecta, among other things, one of the largest owners on the OM
Stockholm Exchange.

"We will now concentrate on being an efficient and reliable administrator
and manager of the ITP Plan with a continued high return on capital. I am
convinced we will...