Warrants

The 2004 and 2005 Annual General Meetings made decisions to issue subscription options for use for incentive programmes. These subscription options are held by a wholly owned subsidiary within the Group.

The Board of Directors at Rejlerkoncernen AB has made a decision not to utilise the warrants provided by the Annual General Meetings. These options will lapse in 2007 and 2008 respectively with no subscription for shares taking place.