GOTHENBURG, Sweden, Feb. 28, 2003 (PRIMEZONE) -- Bure Equity:
-- Proposal for financial strengthening under final negotiation. Terms
and conditions will be announced as soon as possible.
-- The net asset value amounted to SEK 1,912M or SEK 18.50 per share.
Adjusted for dividend, the net asset value fell by 49 per cent
during the year.
-- The parent company's result before write-downs and tax amounted to
SEK 138M (541). The result after write-downs and tax was
SEK -1,456M (74).
-- The sale of Nycomed during the fourth quarter freed up SEK 414M and
generated an exit gain of SEK 313M. Write-downs totaling SEK 1,595M
were made, equivalent to 34 per cent of book assets at the beginning
of the year.
-- Bure's tax matters relating to its status as an investment company
were finally settled. The tax demands were removed.
-- No dividend is proposed for the 2002 financial year.
-- Lennart Svantesson new President of Bure Equity AB.
Suspension of trading was motivated by the fact that the Board of Directors strived to announce a fully-negotiated and agreed financing proposal in connection with this report.
TELEPHONE CONFERENCE
At 10.30.00 am CET (GMT+1) Friday, 28 February 2003, a telephone conference will take place in Swedish with Bure President, Peter Sandberg, and Chief Financial Officer, Benny Averpil. Journalists and professionals in the capital markets are invited to take part.
You can participate by telephoning +44 8-505 201 14, quoting "Bure." Please note that you must also dial the area code if you make a call within the Stockholm area.
For further information, please contact
Peter Sandberg, President +46 31-708 64 20 Benny Averpil, Chief Financial Officer +46 31-708 64 40, +46 708-63 54 07 Irene Axelsson, Head of Corporate Communications +46 31-708 64 47, +46 706-32 81 83 The report is available on Bure's Website: www.bure.se This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: www.waymaker.net/bitonline/2003/02/28/20030228BIT00160/wkr0001.doc The full report www.waymaker.net/bitonline/2003/02/28/20030228BIT00160/wkr0002.pdf The full report