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Investor Presentation

Important notice (cont'd) An investment in the Subsequent Notes may not be suitable for all investors Each potential investor in the Subsequent Notes must determine the suitability of that investment in light of its own circumstances. In particular, each potential investor should a) have sufficient knowledge and experience to make a meaningful evaluation of the Subsequent Notes, the merits and risks of investing in the Subsequent Notes and the information contained or incorporated by reference in this Investor Presentation or any applicable supplement; b) have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its particular financial situation, an investment in the Subsequent Notes and the impact the investment in the Subsequent Notes will have on its overall investment portfolio; c) have sufficient financial resources and liquidity to bear all of the risks of an investment in the Subsequent Notes; d) understand thoroughly the Terms and Conditions and the Intercreditor Agreement; and e) be able to evaluate (either alone or with the help of a financial advisor) possible scenarios for economic, interest rate and other factors that may affect its investment and its ability to bear the applicable risks. Service of process; enforcement of liability The Issuer is a public limited liability company existing under the laws of Sweden. The directors and executives of the Issuer reside in Sweden or other European countries. As a result, it may not be possible for investors (i) to effect service of process in other jurisdictions than Sweden upon such persons or the Issuer, or (ii) to enforce judgments against such persons or the Issuer obtained in courts outside the Kingdom of Sweden predicated upon the civil liabilities of the Issuer or such directors or officers under laws other than Swedish law. IMPORTANT NOTICE | POLYGON 4
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