Clarification prior to OM Gruppen's Financial Statements, year-end 2000

In view of the fact that a number of revenue and expense items of a special nature are already known to exist in OM Gruppen's Income Statement for 2000, OM has decided to clarify these items in the following statement prior to the public release of its year-end figures on January 23 2001.

Items affecting OM Gruppen's net income for 2000 include the following:

Revenue

• SEK 100 m in VAT refunds from the Swedish State.
• SEK 250 m in profits from the disposal of shares in Orc Software - reported as operating revenue in OM Technology.

Expenses

• SEK 30 m in synthetic options costs.
• Approximately SEK 345 m before tax in negative operating result for Jiway. After tax, minority interest and capital gains on the sale of OM VPA shares to Jiway, OM's cost for Jiway amounts to approximately SEK 100 m, i.e. just over SEK 1 per share. OM Gruppen owns 60 percent of Jiway with Morgan Stanley Dean Witter owning the other 40 percent.
• Expenses relating to the London Stock Exchange offer were approximately SEK 95 m, of which SEK 20 m has been charged to net financial items which in total will not exceed SEK 20 m.