Lennart Svantesson resigns as President of Bure
”Through his extensive industrial experience, Lennart has made a crucial contribution to Bure by guiding the company through the crisis and leading it to its current position. I am pleased that he has accepted the offer to remain as Chairman of Bure’s largest companies and I look forward to our continued collaboration,” says Patrik Tigerschiöld, Chairman of Bure. Lennart Svantesson says, ”It has been a very exciting and stimulating task to lead Bure back to financial stability and we have, in principle, achieved our main target of making Bure debt-free. We have also improved the results of the portfolio companies and created a good platform for the future by consolidating the company portfolio. I am confident that this is an appropriate time for me to resign as President, which I am doing so that I can take on other assignments. In particular, I am looking forward to taking a more proactive role as Chairman and partner of the expanding pleasure craft company, Viamare Boats, which has contributed to my decision”. Gothenburg, 29 November 2004 Bure Equity AB (publ) For further information, please contact: Patrik Tigerschiöld, Chairman +46 707-77 71 90 Lennart Svantesson, President and CEO +46 733-11 00 11