Observer: Telephone Conference on Preliminary Year-End Report 2002 -- Friday, January 31, at 12:00 p.m. CET


STOCKHOLM, Sweden, Jan. 31, 2003 (PRIMEZONE) -- Due to the early release of the preliminary Year-end report (earlier scheduled for February 18), Observer AB (Other OTC:OBSEF) (Stockholm:OBS) invites you to participate in a telephone conference on the report today, Friday, January 31 at 12:00 p.m.(CET).

Robert Lundberg, CEO and Anders Lundmark, CFO, will participate in the conference and comment on the preliminary year-end report released on Friday, January 31.

In order to participate, please call +44 (0) 208 240 82 42 and state password: Observer

Observer AB (publ)

For further information, please contact:


 Eva Bennich, Assistant, Corporate Communications
 phone +46 (0) 8 507 410 13/ +46 (0) 70 611 81 87
 e-mail: eva.bennich@observergroup.com

 Per Blixt, Senior VP Corporate Communications
 phone +46 (0) 8 507 410 12/ +46 (0) 70 549 28 08
 e-mail: per.blixt@observergroup.com

Replay

Telephone replay will be available until February 18, 2003. Call: +44 (0) 208 288 44 59, Access code: 580 832

This press release is also available online at www.observergroup.com

Observer AB, quoted on the Attract 40 section of Stockholmsborsen's O-list has approximately 27,000 shareholders.

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:


 www.waymaker.net/bitonline/2003/01/31/20030131BIT00090/wkr0001.doc
 www.waymaker.net/bitonline/2003/01/31/20030131BIT00090/wkr0002.pdf