Nominating Committee has been appointed in Observer AB

STOCKHOLM, Sweden, Dec. 2, 2005 (PRIMEZONE) -- In accordance with the decision taken on Observer's Annual General Meeting 2005, the following have been appointed members of Observer's Nominating Committee:

Caroline af Ugglas, Skandia Liv Cecilia Lager, SEB Fonder Orjan Hakanson, Chairman of Observer's Board of Directors,

The committee has amongst themselves appointed Caroline af Ugglas Chairman 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 2006.

Observer AB (publ)

Caroline af Ugglas, e-mail: Cecilia Lager, e-mail: Orjan Hakanson, e-mail:

Observer AB is quoted on the Attract 40 section of Stockholmsborsen's O-list and has approximately 22,000 shareholders.

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