Nominating Committee has been appointed in Observer AB


STOCKHOLM, Sweden, Dec. 16, 2004 (PRIMEZONE) -- In accordance with the decision taken on Observer's Annual General Meeting on May 4, 2004, the following have been appointed members of Observer's Nominating Committee:

Caroline af Ugglas, Skandia Liv Bjorn Lind, SEB Fonder Orjan Hakanson, Chairman of Observer's Board of Directors, (convener of the committee)

The committee has amongst themselves appointed Orjan Hakanson Chairmain of the committee. Shareholders are welcome to contact any member of the Nominating Committee with suggestions, ideas and proposals for the constitution of the Board before the Annual General Meeting 2005.

Observer AB (publ)

For further information, please contact:

Orjan Hakanson, Chairman of the Board, telephone: +46 (0) 708-14 63 58, e-mail: orjan.hakanson@telia.com

Observer AB is quoted on the Attract 40 section of Stockholmsborsen's O-list and has approximately 25,000 shareholders.

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