About Investor AB (publ)

Investor AB, an industrial holding company, engaged in owing and developing small and large companies. The company has a diversified portfolio of holdings in the sectors of healthcare, technology, engineering, and financial services. As of December 31, 2002, the company’s portfolio comprised 11 core holdings; approximately 150 new investments; and various other holdings, including its investment in the 3G mobile operator, Hi3G. Holdings Investor's portfolio comprises 11 core holdings, approximately 150 new investments and a number of other holdings. Investor's portfolio is described by sector Healthcare, Technology, Engineering and Financial Services. The company’s core holdings include Ericsson, AstraZeneca, Scania AB, Atlas Copco, WM-data, SEB, Gambro, Electrolux, OM, ABB, and Saab AB. Besides, the company’s new investments business includes private equity investments. Healthcare AstraZeneca: AstraZeneca is a pharmaceutical company focused on research in medicines and pharmaceuticals that is conducted through a global network of research units, mainly in Sweden, the United States and the United Kingdom. Priority research areas are gastrointestinal, cardiovascular, respiratory and central nervous system diseases, as well as pain control and infection. Gambro: Gambro is a global medical technology and healthcare company with positions in renal care and blood component technology. Research and development activities are conducted in Sweden, Germany, Italy, Japan, France and the United States. In 2002, Gambro Renal Products made investments to increase production capacity for synthetic membrane dialyzers. A number of new products were launched on the market, including the Phoenix/Innova hemodialysis machine and the Serena home treatment machine for peritoneal dialysis. Healthcare New investments Affibody Technology, Sweden is a proteomics and biotherapy company leading the development of combinatorial protein engineering to enable high throughput protein characterization in drug discovery and the development of novel biotherapeutics and diagnostic products. Axcan Pharma, Canada, a specialty pharmaceutical company manufacturing and marketing drugs in the area of gastroenterology. Gyros, Sweden has developed miniaturized laboratories in CD format, termed a lab on a chip. Gyro's patented technology represents a breakthrough within the biotechnology sphere. Intuitive Surgical, United States has developed a computer-enhanced, minimally invasive surgery system that combines natural hand movements with techniques used in traditional surgery. ISTA Pharmaceuticals, United States Novel compounds for treatment of serious eye diseases and other maladies. Kyphon, United States develops and markets minimally invasive balloon technologies for the treatment of compression fractures in the spine. Melacure Therapeutics, Sweden discovers and develops novel drugs acting on melanocortin receptors, targeting large unmet medical needs, such as obesity/diabetes, inflammation and sexual dysfunction. Molecular Staging, United States, a life sciences tool company developing technologies for the detection and measurement of proteins and nucleic acids across a broad range of applications in proteomics, genomics and diagnostics. Personal Chemistry, Sweden has developed an automated system for chemical synthesis using a microwave heating technology that speeds up the rate and efficiency of chemical reactions. Songbird Hearing, United States has developed a disposable hearing aid offering the mild-to-moderate hearing-impaired a solution that is convenient and inexpensive. Technology Ericsson: Ericsson supplies telecommunications equipment focusing primarily on mobile telephony. The company continued to develop new mobile phone technologies such as GPRS, EDGE, WCDMA and CDMA 2000. In the first half of the year Investor increased its holding in Ericsson by acquiring 28,000,000 B-shares. Saab: Saab is a high-technology company with activities focused mainly on defense, aviation and space. Operations cover clearly defined areas within defense electronics, missile systems and space electronics, as well as military and civilian aviation. Saab also focuses on high-technology services and maintenance solutions. Operations are conducted in the following business areas: Systems & Electronics, Aerospace, Bofors Dynamics, Technical Support & Services, and Ericsson Space and Aviation Services. WM-data: WM-data provides IT-related services in the Nordic region with about 7,000 employees. The company's business concept is to create tangible benefits to the customer through a wide range of value-adding IT-related services. WM-data offers solutions spanning the entire IT area. Technology New investments ASM Pacific Technology, Hong Kong produces a line of back-end semiconductor manufacturing products, including die bonders, wire bonders, mold/encapsulation tools and trim and form equipment. b-business partners, Europe, a pan-European venture capital company investing in innovative business-to-business technologies. As of December 31, 2002, b-business partners has invested approximately EUR 91 m. in a portfolio of about ten companies. Bredbandsbolaget (B2), Sweden is in broadband communications in Sweden. Offers fiber-to-the-building and LAN-Ethernet broadband services to households and small companies. Broadband expands communication capacity far in excess of existing narrow-band Internet and modem connections. Digia, Finland designs and develops SymbianTM OS-based software for mobile phones and other wireless communication devices worldwide. Invesmart, United States a full-service retirement financial services firm for defined contribution plans. The company combines leading-edge technology with financial expertise allowing employees to oversee and manage their retirement assets. Mahi Networks, United States designs, develops and markets high-capacity intelligent optical network switching systems for metro core networks. Optillion, Sweden is a developer and manufacturer of fiber-optic Ethernet transceivers for high-speed data and Internet communications. Tessera, United States is a IP licenser of Chip Scale Packaging technology to the semiconductor industry, the de facto standard for a number of memory architectures. Watchmark, United States is in service-assurance software for wireless telecom service providers and other integrated network operators. White Rock Networks, United States provides telecom and datacom carriers with a family of next-generation optical transport systems. Investor has also holdings in the following companies, among others: CarParts, Gator, GenOA, Kunskapsskolan, Lycos Europe, Mainstream Data, Ntru, Optillion, Paratek, Radians Innova, SandBurst, SMT Tricept, SQM, Sörman, TeleGea, Umetrics and Unicru (formerly Guru). Technology Other holdings Hi3G: Hi3G is a third-generation wireless operator providing mobile multimedia services in Sweden and Denmark under the 3 brand. Hi3G is owned by Hutchinson Whampoa (60%) and Investor AB (40%). Engineering ABB is in the power and automation technologies that enable utility and industrial customers to improve performance while lowering environmental impact. ABB operates in more than 100 countries. Atlas Copco Atlas Copco is a global industrial group headquartered in Stockholm. The Group operates through a number of divisions within four business areas: Compressor Technique, Construction and Mining Technique, Industrial Technique, and Rental Service. Electrolux Group The Electrolux Group is the producer of powered appliances for kitchen, cleaning, forestry work and gardening. More than 55 million Electrolux Group products are sold each year to consumers and professional users in over 150 countries. Financial Services SEB: SEB is a Northern European financial group providing banking services primarily to corporations, institutions and private individuals. SEB has 675 branch offices in Sweden, Germany and the Baltic states. The bank has four million customers, of whom 1.2 million are using its Internet banking services. OM: OM provides transaction technology. OM offers system solutions for banks, brokerage firms, clearing houses, other financial institutions, and for companies trading in the global energy market. OM also operates exchanges and clearing and settlement activities, including Stockholmsbörsen.