KAPITALSKYDDADE INVESTERINGAR

CLOSED FOR SUBSCRIPTION AKELIUS BÖRSGARANTI - STOCKHOLM You'll get one of the best savings in Sweden and in Swedish stocks Akelius Börsgaranti Stockholm is for the investor who wants to invest in the stock market and get the possibility of high yield without risking the par value. At rising rates you'll get a yield which is higher than the index's growth, and at unchanged or falling rates, you'll always get your par value back at the end of the duration time. Never to lose If the stock index is lower at the time of maturity compared to when you started you're warranted to get back your invested par value. Win more The increase in your value is measured against the stock index of the Stockholm Stock Market. Traditionally stock funds seldom reach the index level. With Akelius you'll get from 20 to 100 percent more than index. Example: Invest 100,000 SEK. If the stocks increase with 60,000 SEK then you'll get 120,000 SEK plus your investment of 100,000. If the stocks go down with 20,000 SEK then you'll retain your investment of 100,000. Akelius Börsgaranti - Stockholm is connected to the 30 largest companies registered on the Stockholm Stock Market. The index is updated daily. The last three years the index has risen approximately 67 percent. Duration You can choose between a duration of three or six years. If you select three years you can sign up for the par value and get a yield of 120 percent of index or commit to an extra 10 percent of the par value and get a yield of 180 percent of index. If you choose a duration of six years and commit to an extra 10 percent of the par value you'll get a yield of 200 percent of index. You only risk lost interest on the capital and the 10 percent extra par value if you selected that alternative. In the example below you can see what you get back at the end of the duration with different scenarios signing up for ten units:   Purchase price* Up 25% Up 50% Down 25% 3 years, par value Yield of 120 % 50 000 SEK 65 000 SEK 80 000 SEK 50 000 SEK 3 years and 10 % extra par value Yield 180 % 55 000 SEK 72 500 SEK 95 000 SEK 50 000 SEK 6 years and 10 % extra par value Yield 200 % 55 000 SEK 75 000 SEK 100 000 SEK 50 000 SEK If you instead had bought the stocks 50 000 SEK 62 500 SEK 75 000 SEK 37 500 SEK * Commission of one percent is added To protect you against a rate decrease at the end of duration the final value of the index is calculated as an average of the closing rate for the last six months of the duration if it was for three years and the last 12 months if it was for six years.  Facts  Signing up window:   1 December 2005 thru 10 January 2006  Last payment date:   16 January 2006  Start date:   27 January 2006  End of duration:   30 January 2009 or 2012.  Index start date:   Closing rate of Index at start date  Index end date:   Index average closing rate during the days of consideration.  Days of consideration:   6 and 12 monthly observations just prior and including the day of maturity for three and six years duration respectively.  Commission:   One percent  Price:   5,000 SEK per unit plus commission and 10 percent extra of par value if so chosen.  Underlying  index:   OMXS30 tm An investment in a structured product is, like in all other investments, associated with certain risks. The buyers should make sure they understand the nature of the product and the extent of the risk they take. The buyer should also consider the suitability in light of his own situation and economic environment. The contents of this information is not advisory but just informative. When the trade confirmation note is sent out the investor gets the possibility to take part of detailed rules and conditions and can then make final and future investment decisions.