-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VlkmoU+9HhxrTkcIoxqfn4CJyc3Bn1hUQ0gYA7Dsm6ful/pxxGh/Cu7xeI06PLeS
 Pojo5NAvBtHPN2VkFxG9Ug==

<SEC-DOCUMENT>0001193805-06-001262.txt : 20060523
<SEC-HEADER>0001193805-06-001262.hdr.sgml : 20060523
<ACCEPTANCE-DATETIME>20060517113157
ACCESSION NUMBER:		0001193805-06-001262
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060517
DATE AS OF CHANGE:		20060523

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ERICSSON LM TELEPHONE CO
		CENTRAL INDEX KEY:			0000717826
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V7
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-11870
		FILM NUMBER:		06848093

	BUSINESS ADDRESS:	
		STREET 1:		TELEFONPLAN S
		CITY:			STOCKHOLM SWEDEN
		STATE:			V7
		ZIP:			126 25

	MAIL ADDRESS:	
		STREET 1:		S 126 25 STOCKHOLM
		CITY:			SWEDEN
		STATE:			V7
		ZIP:			0000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LM ERICSSON TELEPHONE CO
		DATE OF NAME CHANGE:	19911030
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>e600606_424b3-telefonak.htm
<TEXT>
<html>
<head>
<title>Untitled Document</title>
</head>

<body>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">May 17, 2006</FONT></FONT> </P>



<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I><U>Via EDGAR</U></I></FONT></FONT> </P>

<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Securities and
Exchange Commission<BR>  450 Fifth Street N.W.<BR>  Washington, D.C. 20549</FONT></FONT> </P>


<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="3%">&nbsp;</TD>
     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Rule
424(b)(3) Filing in respect of Form F-6 Registration Statement No. 333-11870 for
American Depositary Shares representing ten (10) B Shares, nominal value SKR 1.00 per
share (the &#147;Deposited Shares&#148;), of Telefonaktiebolaget L M Ericsson, a
company organized under the laws of the Kingdom of Sweden (the &#147;Company&#148;).</B><br></FONT></FONT> </P></TD>
</TR>
</TABLE>
<BR>

<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Ladies &amp; Gentlemen:</FONT></FONT> </P>


<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">On
behalf of Citibank, N.A., as Depositary (the  &#147;Depositary&#148;) and acting solely
on behalf of the legal entity  created by the Amended and Restated Deposit Agreement,
dated  as of September 26, 1995, as amended by Amendment No. 1,  dated as of February 10,
1997 and as further amended by  Amendment No. 2, dated as of October 23, 2002 (the &#147;Deposit
Agreement&#148;), among the Depositary, the Company and the  Holders from time to time of
American Depositary Receipts  (&#147;ADRs&#148;) evidencing American Depositary Shares (&#147;ADSs&#148;),
each  representing ten (10) B Shares, I enclose for filing with  the Securities and
Exchange Commission (the &#147;Commission&#148;),  pursuant to Rule 424(b)(3) promulgated
by the Commission  under the Securities Act of 1933, as amended (the &#147;Act&#148;),
one (1) copy of a form of the ADRs which is to be issued by  the Depositary and which
reflect the change in nominal value  from &#147;SKR 1.00 per share&#148; to &#147;no
nominal value&#148;.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">As
required by Rule 424(e)  under the Act,  the cover  of  the  enclosed  ADRs  has  been
marked  to  indicate  the  paragraph  of Rule 424 under  which the  filing is being  made
and the file  number  of the Form F-6  Registration  Statement  previously  filed and
declared  effective  in  respect of the  ADRs.</FONT></FONT> </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><I>In
anticipation of any subsequent filings with, and/or submissions to, the Commission that
the Company and/or the Depositary may make, we respectfully request that the Commission
modify its records to reflect the change in nominal value from SKR 1.00 to no nominal
value.</I></B></FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">In
the event any member of the Staff of the  Commission  has any questions or comments
concerning this  filing, such person should contact the undersigned at (212)  816-6647.</FONT></FONT> </P>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="60%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">Very truly yours,</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">/s/ Tom Crane</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">Tom Crane</font></td>
  </tr>
</table>
<br>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Enclosures</FONT></FONT> </P>

<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT" WIDTH="3%" nowrap><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">
cc: </FONT></FONT></TD>
     <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>

    <TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">
      Paul M. Dudek, Esq. (Securities and Exchange Commission - Office of International
      Corporate Finance) <br>
      Susanna Ansala (Citibank, N.A. - ADR Department)</FONT></FONT></TD>
</TR>
</TABLE>
<BR>
<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<br>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">Rule 424(b)(3)</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">Form F-6 Registration
      Statement No.: 333-11870. </font></td>
  </tr>
</table>
<br>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-1</FONT></FONT> </P>











<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><b>EXHIBIT A<BR>
[FORM OF FACE OF RECEIPT]</b></Font></Font></p>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>AMERICAN
DEPOSITARY RECEIPT</B><BR> <B>AMERICAN DEPOSITARY SHARES</B><BR> representing<BR> DEPOSITED B SHARES OF<BR><B>TELEFONAKTIEBOLAGET L M ERICSSON</B><BR> (A public company incorporated under the laws of Sweden)</FONT></FONT> </P>

<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">No.</FONT></FONT> </P>


<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">CITIBANK,
  N.A.,</FONT></FONT></b><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">
  a national banking association organized and existing under the laws of the
  United States of America, as Depositary (herein called the Depositary), hereby
  certifies that is the owner of American Depositary Shares, representing deposited
  B shares, of TELEFONAKTIEBOLAGET L M ERICSSON, a public company incorporated
  under the laws of Sweden (herein called the Company), having no nominal value
  (such B shares are hereinafter referred to as Shares). At the date hereof, each
  American Depositary Share represents ten Shares (or evidence of rights to receive
  ten Shares) deposited under the Deposit Agreement at the principal Stockholm
  office either of Skandinaviska Enskilda Banken or of Svenska Handelsbanken (herein
  called the Custodian or, together, the Custodians). The address of the Depositary's
  principal executive office is 388 Greenwich Street, New York, New York 10013.</FONT></FONT>
</P>


<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(1)
  <U>The Deposit Agreement</U>. This American Depositary Receipt is one of an
  issue (hereinafter the Receipts), all issued and to be issued upon the terms
  and conditions set forth in the Amended &amp; Restated Deposit Agreement dated
  as of September 26, 1995 as amended by Amendment No. 1, dated as of February
  10, 1997 and as further amended by Amendment No. 2, dated as of October 23,
  2002 (hereinafter the Deposit Agreement, which amends, restates and supersedes
  that certain Deposit Agreement dated as of May 17, 1983 as amended by that certain
  Amendment No. 1 to Deposit Agreement dated as of September 20, 1990 and that
  certain Amendment No. 2 to Deposit Agreement dated as of March 1, 1994), by
  and among the Company, the Depositary and all Holders from time to time of Receipts
  issued thereunder, each of whom by accepting a Receipt agrees to become a party
  thereto and be bound by all the terms and provisions thereof. The Deposit Agreement
  sets forth the rights of Holders of the Receipts and the rights and duties of
  the Depositary in respect of the Shares deposited thereunder and any and all
  other securities, property and cash from time to time received in respect of
  such Shares and held thereunder (such Shares, securities, property and cash
  are hereinafter referred to as Deposited Securities). Copies of the Deposit
  Agreement are on file at the principal offices of the Depositary and the Custodians.
  The statements made on the face and the reverse of this Receipt are summaries
  of certain provisions of the Deposit Agreement and are qualified by and subject
  to the detailed provisions of the' Deposit Agreement, to which reference is
  hereby made. The terms &#147;<u>deposit</u>&#148;, &#147;<u>surrender</u>&#148;, &#147;<u>deliver</u>&#148;,
  &#147;<u>transfer</u>&#148; or &#147;<u>withdraw</u>&#148; when used with respect to Shares,
  shall refer, where the context requires, to an entry or entries or an electronic
  transfer or transfers in</FONT></FONT> </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-2</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">an account or
accounts maintained by institutions  authorized under applicable law to effect transfers
of  securities (which may but need not be the VPC (as defined  in paragraph (3) below)),
and not to the physical transfer  of certificates representing the Shares.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(2)
  <U>Surrender of Receipts and Withdrawal of Shares</U>. Upon surrender at the
  Principal Office of the Depositary of this Receipt, and upon payment of the
  fee of the Depositary provided in paragraph (6) of this Receipt, and subject
  to the terms and conditions of the Deposit Agreement, the Holder hereof is entitled
  to delivery, to him or upon his order, of the Deposited Securities at the time
  represented by the American Depositary Shares for which this Receipt is issued.
  Delivery of such Deposited Securities may be made by the delivery of certificates
  in the name of the Holder hereof or as ordered by him or by the delivery of
  certificates endorsed or accompanied by proper instruments of transfer. Such
  delivery will be made without unreasonable delay and, at the option of the Holder
  hereof, either at the office of any Custodian or at the Principal Office of
  the Depositary, provided that the forwarding of certificates for Shares or other
  Deposited Securities for such delivery at the Principal office of the Depositary
  in the Borough of Manhattan, The City of New York shall be at the risk and expense
  of the Holder hereof.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(3)
<U>Transfers, Split-ups and Combinations</U>. This Receipt is transferable on the books of the
Depositary by the Holder hereof in person or by duly authorized attorney, upon surrender
of this Receipt properly endorsed or accompanied by proper instruments of transfer and
duly stamped as may be required by law; <I>provided</I>, <I>however</I>, that the Depositary may close
the transfer books, at any time or from time to time, when deemed expedient by it in
connection with the performance of its duties under the Deposit Agreement. This Receipt
may be split into other Receipts or may be combined with other Receipts into one
Receipt, representing the same aggregate number of American Depositary Shares as the
Receipt or Receipts surrendered. As a condition precedent to the execution and delivery,
registration of transfer, split-up, combination or surrender of any Receipt or
withdrawal of any Deposited Securities, the Depositary or the Custodian may require
payment of a sum sufficient to reimburse it for any tax or other governmental charge
and any stock transfer or registration fee with respect thereto and payment of any
applicable fees as provided in paragraph (6) of this Receipt, may require the
production of proof satisfactory to it as to the identity and genuineness of any
signature and may also require compliance with such regulations, if any, as the
Depositary may establish consistent with the provisions of the Deposit Agreement.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
Depositary may refuse to execute and  deliver Receipts, register the transfer of any
Receipt,  make any distribution of, or related to, Deposited  Securities until it has
received such proof of  citizenship, residence, exchange control approval or  other
information as it may deem necessary or proper. The  delivery of Receipts against
deposits of Shares generally  may be suspended, or the delivery of Receipts against the
deposit of particular Shares may be withheld, or the  registration of transfer of
Receipts in particular  instances may be refused, or the registration of  transfers or
surrenders of Outstanding Receipts generally  may be suspended, during any period when
the transfer  books of the Depositary or the Company (or the appointed  agent of the
Company for transfer and registration of  Shares, which may but need not be the
Vardepapperscentralen VPC</FONT></FONT> </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-3</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">AB (the
&#147;VPC&#148;) or its successor as agent of the Company for  the transfer and
registration for Shares) are closed, or if  any such action is deemed necessary or
advisable by the  Depositary or the Company at any time or from time to time  due to
compliance with any requirement of applicable law or  governmental regulation relating to
Receipts or to the  withdrawal of any Deposited Securities. Without limitation  of the
foregoing, the Depositary will not knowingly accept  for deposit under the Deposit
Agreement any Shares which, if  sold by the holder thereof in the United States or its
territories, would be subject to the registration provisions  of the Securities Act of
1933, unless a registration  statement is in effect as to such Shares.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(4)
  <U> Liability of Holder for Taxes</U>. If any tax or other governmental charge
  shall become payable with respects to any Deposited Securities represented hereby,
  such tax or other governmental charge shall be payable by the Holder hereof
  to the Depositary. The Depositary may refuse to effect any registration of transfer
  of this Receipt or any withdrawal of Deposited Securities represented hereby
  until such payment is made, and may withhold any dividends or other distributions,
  or may sell for the account of the Holder hereof any part or all of the Deposited
  Securities represented hereby, and may apply such dividends or other distributions
  or the proceeds of any such sale in payment of such tax or other governmental
  charge, the Holder hereof remaining liable for any deficiency.</FONT></FONT>
</P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(5)
  <U> Warranties by Depositor</U>. Every person depositing Shares under the Deposit
  Agreement shall be deemed thereby to represent and warrant that such Shares
  and each certificate therefor are valid and that the person making such deposit
  is duly authorized so to do. Such representations and warranties shall survive
  the deposit of Shares and issuance of Receipts.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(6)
  <U>Charges of Depositary</U>. The Depositary will charge the party to whom Receipts
  are delivered against deposits, and the party surrendering Receipts for delivery
  of Deposited Securities, $5.00 for each 100 American Depositary Shares (or portion
  thereof) represented by the Receipts issued or surrendered. Any and all expenses
  of the Depositary, including, without limitation, the charges and expenses of
  the Custodians under or in connection with the Deposit Agreement, other than
  those fees expressed to be paid by the Holders in the preceding sentence, or
  as may be agreed from time to time between the Company and the Depositary, will
  be borne by the Depositary, except (i) taxes and other governmental charges,
  (ii) share transfer registration fees on deposits of Shares, (iii) such cable,
  telex and facsimile transmission and delivery charges as are expressly provided
  in the Deposit Agreement to be at the expense of persons depositing Shares or
  Holders of Receipts, and (iv) such expenses as are incurred by the Depositary
  in the conversion of foreign currency into dollars.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(7)
  <U>Title to Receipts</U>. It is a condition of this Receipt, and every successive
  Holder hereof by accepting or holding the same consents and agrees, that title
  to this Receipt (and to the American Depositary Shares evidenced hereby), when
  properly endorsed or accompanied by proper instruments of transfer, is transferable
  by delivery with the same effect as in the case of a negotiable instrument;
  <I>provided</I>,</FONT></FONT> </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-4</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>however</I>, that
the Depositary, notwithstanding any notice to the contrary, may treat the person in
whose name this Receipt is registered on the books of the Depositary as the absolute
owner hereof for the purpose of determining the person entitled to distribution
of dividends or other distributions or to any notice provided for in the Deposit
Agreement, and for all other purposes.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(8)
  <U> Validity of Receipt</U>. This Receipt shall not be entitled to any benefits
  under the Deposit Agreement or be valid or obligatory for any purpose, unless
  this Receipt shall have been executed by the Depositary by the manual signature
  of a duly authorized officer or, if a Registrar for the Receipts shall have
  been appointed, by the manual signature of a duly authorized officer of such
  Registrar.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(9)
  <U> Pre-release</U>. Pursuant to the Deposit Agreement, the Depositary may issue
  Receipts for evidence of rights to receive Shares from the Company, or any Custodian,
  Registrar, transfer agent, clearing agency or other entity involved in ownership
  records or transaction records in respect of the Shares. Such evidence of rights
  is required to consist of written blanket or specific guarantees of ownership
  of Shares furnished on behalf of the holder thereof. The Depositary is not permitted
  to lend Shares or Receipts; except that the Depositary may (i) issue Receipts
  prior to the receipt of Shares pursuant to Section 2.02 of the Deposit Agreement
  and (ii) deliver Shares prior to the receipt and cancellation of Receipts pursuant
  to Section 2.05 of the Deposit Agreement, including Receipts which were issued
  under (i) above but for which Shares may not have been received, The Depositary
  may receive Receipts in lieu of Shares under (i) above and receive Shares in
  lieu of Receipts under (ii) above. The Depositary is required to cause each
  such transaction to be (a) accompanied by (x) a written representation from
  the person to whom Receipts or Shares are to be delivered that such person,
  or its customer, owns the Shares or Receipts to be remitted, as the case may
  be, or (y) such other evidence of ownership of shares or Receipts, as the case
  may be, as the Depositary deems appropriate, (b) at all times fully collateralized
  (marked to market daily) with cash, United States Government securities or other
  collateral of comparable safety and liquidity, (c) terminable by the Depositary
  on not more than five (5) business days' notice, and (d) subject to such further
  indemnities and credit regulations as the Depositary deems appropriate. Pursuant
  to the Deposit Agreement, the Depositary has agreed to limit the number of Receipts
  and Shares involved in such transactions at any one time to thirty percent (30%)
  of the face amount of Receipts outstanding (without giving effect to Receipts
  outstanding under (i) above), or principal amount of Shares actually deposited
  under the Deposit Agreement, respectively. Pursuant to the Deposit Agreement,
  the - Depositary is required to set limits with respect to the number of Receipts
  and Shares involved in such transactions with any one person on a case-by-case
  basis as it deems appropriate. Pursuant to the Deposit Agreement collateral
  (but not any earnings thereon) is required to be held for the benefit of the
  Holder only. The Depositary may retain for its own account any compensation
  received by it in connection with the foregoing.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(10)
  <U>Power of Attorney</U>. The Holder hereby agrees that, upon acceptance of
  this Receipt issued in accordance with the terms of the Deposit Agreement, the
  Holder appoints the Depositary its attorney-in-fact, with full power to delegate,
  to act on its behalf and to take</FONT></FONT> </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">




<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-5</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">any and all
steps or action provided for or contemplated  herein and in the Deposit Agreement with
respect to the  Deposited Securities, including but not limited to those set  forth in
Article IV of the Deposit Agreement, and to take  such further steps or action as the
Depositary in its sole  discretion may deem necessary or appropriate to carry out  the
purposes hereof and of the Deposit Agreement.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(11)
  <U>Disclosure of Interest</U>. The Holder of this Receipt agrees to comply with
  the Company's Articles of Association, as they may be amended from time to time,
  and the laws of Sweden, with respect to disclosure requirements, if any, regarding
  ownership of Deposited Securities and shares in and other securities and debt
  obligations of the Company, all as if this Receipt was to the extent practicable
  the Shares represented hereby.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
Depositary shall, at the Company's  request, send to any Holder specified by the Company
a  notice requiring such Holder to notify the Depositary as to  whether any of such
Holder's American Depositary Shares  represented by any of the Receipts held by or
registered in  the name of such Holder are being held, directly or  indirectly, for some
person other than such Holder and, if  so, the name, address and citizenship of such
other person  or persons. Each Holder will provide to the Depositary at  the Depositary's
principal office the information requested  in the Depositary's notice within five (5)
business days  after the date of the notice and the. Depositary shall  forthwith furnish
the Company with the information provided.  Should any Holder fail to provide the
information sought  within such five (5) business days, the Depositary shall  notify the
Company accordingly and, upon receipt of written  instructions from the Company to that
effect, the Depositary  shall (i) discontinue the registration of transfers of all
Receipts registered in the name of such Holder; (ii) suspend  the distribution of
payments of dividends to such Holder;  and (iii) not give any further notices to such
Holder; until  such information is provided pursuant to Section 3.04 of the  Deposit
Agreement.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(12)
  <U>Compliance with U.S. Securities Laws</U>. Pursuant to the Deposit Agreement,
  the Company and the Depositary are required to exercise any rights they have
  under the Deposit Agreement to prevent the withdrawal or delivery of Deposited
  Securities in a manner which would not violate the United States securities
  laws, including, without being limited to, General Instruction LA(l) to Form
  F-6 Registration Statement, as amended from time to time, under the Securities
  Act of 1933. Dated:</FONT></FONT> </P>


<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="bottom">
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">Countersigned</font></td>
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">CITIBANK,
      N.A.,</font></td>
  </tr>
  <tr valign="bottom">
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
      Depositary</font></td>
  </tr>
  <tr valign="bottom">
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr valign="bottom">
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">By</font></td>
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">By</font></td>
  </tr>
  <tr valign="bottom">
    <td width="3%">&nbsp; </td>
    <td><hr size="1" noshade> <font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
    <td width="3%">&nbsp; </td>
    <td><hr size="1" noshade> <font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">Authorized
      Officer <br>
      </font></td>
    <td colspan="3"><font size="2" face="Times New Roman, Times, serif">Vice President</font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
address of the principal office of the  Depositary is 388 Greenwich Street, New York, New
York 10013.</FONT></FONT> </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-6</FONT></FONT> </P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><b>[FORM OF
REVERSE OF RECEIPT]</b></Font></Font></p>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><b>SUMMARY OF
CERTAIN ADDITIONAL PROVISIONS<BR>  OF THE DEPOSIT AGREEMENT</b></Font></Font></p>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Dividends
  and Distributions; Rights</U>. Whenever the Depositary shall receive any cash
  dividend or other cash distribution on the Deposited Securities, the Depositary
  will, if at the time of receipt thereof any amounts received in a foreign currency
  can in the judgment of the Depositary be Converted on a reasonable basis into
  United States dollars transferable to the United States and, subject to the
  provisions of the Deposit Agreement, convert such dividend or distribution into
  United States dollars and will distribute the amount thus received to the Holders
  of Receipts entitled thereto, in proportion to the number of American Depositary
  Shares representing such Deposited Securities held by them respectively; <i>provided</i>,
  <i>however</i>, that the amount distributed will be reduced by any amounts required
  to be withheld by the Company or the Depositary on account of taxes. If in the
  judgment of the Depositary amounts received in foreign currency may not be converted
  on a reasonable basis into United States dollars transferable to the United
  States, or may not be so convertible for all of the Holders of Receipts entitled
  thereto, the Depositary may in its discretion make such conversion, if any,
  and distribution in United States dollars to the extent permissible to the Holders
  of Receipts entitled thereto and may distribute the balance of the foreign currency
  received and not so convertible by the Depositary to, or hold such balance for
  the account of, the Holders of Receipts entitled thereto. If in the opinion
  of the Depositary any distribution other than cash or Shares upon any Deposited
  Securities cannot be made proportionately among the Holders of Receipts entitled
  thereto, or if for any other reason the Depositary deems such distribution not
  to be feasible, the Depositary may adopt such method as it may deem equitable
  for the purpose of effecting such distribution, including the sale (at public
  or private sale) of the securities or property thus received, or any part thereof,
  and the net proceeds of any such sale will be distributed by the Depositary
  to the Holders of Receipts entitled thereto as in the case of a distribution
  received in cash. If any distribution upon any Deposited Securities consists
  of a dividend in, or free distribution of, Shares, the Depositary may with the
  Company's approval, and shall if the Company shall so request, distribute to
  the Holders of outstanding Receipts entitled thereto, in proportion to the number
  of American Depositary Shares representing such Deposited Securities held by
  them respectively, additional Receipts for an aggregate number of American Depositary
  Shares representing the number of Shares received as such dividend or free distribution.
  In lieu of delivering Receipts for fractional American Depositary Shares in
  any such case, the Depositary may sell the number of Shares represented by the
  aggregate of such fractions and distribute the net proceeds, converted into
  United States dollars if not in such dollars (if such conversion may in the
  judgment of the Depositary be achieved on a reasonable basis), to the Holders
  of Receipts entitled thereto. If additional Receipts are not so distributed
  (except as pursuant to the preceding sentence), each American Depositary Share
  shall thenceforth also represent the additional Shares distributed upon the
  Deposited securities represented thereby. In the event that the Company shall
  offer or cause to be offered to the holders of any Deposited Securities any
  rights to subscribe for additional Shares or any rights of any nature, the Depositary
  shall have discretion as</FONT></FONT> </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-7</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">to whether
  such rights are to be made available to the Holders of Receipts; <i>provided</i>,
  <i>however</i>, that the Depositary will, if requested by the Company, either
  (a) make such rights available to Holders of Receipts by means of warrants or
  otherwise, if lawful and feasible, or (b) if making such rights available is
  not lawful or not feasible, or if the rights represented by such warrants or
  other instruments are not exercised and appear to be about to lapse, sell such
  warrants or other instruments at public or private sale, at such place or places
  and upon such terms as the Depositary may deem proper, and allocate the proceeds
  of such sales for account of the Holders of Receipts otherwise entitled thereto
  upon an averaged or other practicable basis without regard to any distinctions
  among such Holders because of exchange restrictions, or the date of delivery
  of any Receipt or Receipts, or otherwise.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Record
Dates</U>. Whenever any cash dividend or other cash distribution shall become payable or any
distribution other than cash shall be made, or whenever rights shall be issued, with
respect to the Deposited Securities, or whenever the Depositary shall receive notice of
any meeting of holders of Shares or other Deposited Securities, the Depositary will fix
a record date for the determination of the Holders of Receipts who shall be entitled to
receive such dividend, distribution or rights, or the net proceeds of the sale thereof,
or to give instructions for the exercise of voting rights at any such meeting, subject
to the provisions of the Deposit Agreement.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Voting
of Deposited Securities</U>. Upon receipt of notice of any meeting of holders of Deposited
Securities, the Depositary will mail to the Holders of Receipts a notice which will
contain (a) such information as is contained in such notice of meeting and (b) a
statement that the Holders of Receipts at the close of business on a specified record
date will be entitled to instruct the Depositary as to the exercise of voting rights, if
any, pertaining to the amount of Deposited Securities represented by their respective
American Depositary Shares, and a brief statement as to the manner in which such
instructions may be given. Upon the written request of a Holder of a Receipt or
Receipts on such record date, received on or before the date established by the
Depositary for such purpose, together with (i) such Holder's Receipt or Receipts for
such Shares as to which voting instructions are being given and (ii) such Holder's
instructions that such Receipt or Receipts are to be held in a blocked account until the
Shares represented by such Receipt or Receipts are voted, the Depositary will endeavor
insofar as practicable to vote or cause to be voted the amount of Deposited Securities
represented by such Receipt or Receipts in accordance with such instructions. The
Depositary agrees not to vote the Shares or other Deposited Securities represented by a
Receipt unless it receives instructions from the Holder of such Receipts.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Changes
Affecting Deposited Securities</U>. Upon any change in par value, split-up, consolidation or
any other reclassification of Deposited Securities, or upon any recapitalization,
reorganization, merger or consolidation or sale of assets affecting the Company or to
which it is a party, any securities which shall be received by the Depositary in
exchange for or in conversion of or in respect of Deposited Securities shall be treated
as new Deposited Securities under the Deposit Agreement, and the American Depositary
Shares shall thenceforth represent the new Deposited</FONT></FONT> </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-8</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Securities so
received in exchange or conversion, unless  additional Receipts are delivered pursuant to
the following  sentence. In any such case the Depositary may with the  Company's
approval, and shall if the Company shall so  request, execute and deliver additional
Receipts as in the  case of a stock dividend, or call for the surrender of  outstanding
Receipts to be exchanged for new Receipts.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Reports;
  Inspection of Transfer Books</U>. The Depositary will make available for inspection
  by Holders of Receipts at its Principal office any reports and communications
  received from the Company, including any proxy soliciting material, which are
  both (a) received by the Depositary as the holder of the Deposited Securities,
  and (b) made generally available to the holders of such Deposited Securities
  by the Company. The Depositary will also send to Holders of Receipts copies
  of such reports when furnished by the Company as provided in the Deposit Agreement.
  The Depositary will keep books for the registration of Receipts and their transfer
  which at all reasonable times will be open for inspection by the Holders of
  Receipts, <i>provided</i> that such inspection shall not be for the purpose
  of communicating with Holders of Receipts in the interest of a business or object
  other than the business of the Company or a matter related to the Deposit Agreement
  or the Receipts.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Liability
  of the Company and the Depositary</U>. Neither the Depositary nor the Company
  shall incur any liability to any Holder of this Receipt, if by reason of any
  provision of any present or future law of any country or of any governmental
  authority, or by reason of any provision, present or future, of the Articles
  of Association of the Company, or by reason of any act of God or war or other
  circumstance beyond its control, the Depositary or the Company shall be prevented
  or forbidden from doing or performing any act or thing which by the terms of
  the Deposit Agreement it is provided shall be done or performed. Neither the
  Company nor the Depositary assumes any obligation or shall be subject to any
  liability under the Deposit Agreement to Holders of Receipts, except that they
  agree to use their best judgment and good faith in the performance of such duties
  as are specifically set forth in the Deposit Agreement. Neither the Depositary
  nor the Company shall be under any obligation to appear in, prosecute or defend
  any action, suit or other proceeding in respect of any Deposited Securities
  or in respect of the Receipts, which in its opinion may involve it in expense
  and liability, unless indemnity satisfactory to it against all expense and liability
  be furnished as often as may be required, and no Custodian shall be under any
  obligation whatsoever with respect to such proceedings, the responsibility of
  the Custodians being solely to the Depositary. Neither the Depositary nor the
  Company shall be liable for any action or non-action by it in reliance upon
  the advice of or information from legal counsel, accountants, any person presenting
  Shares for deposit, any Holder of a Receipt, or any other person believed by
  it in good faith to be competent to give such advice or information. The Depositary
  will not be responsible for any failure to carry out any instructions to vote
  any of the Deposited Securities, or for the manner in which any such vote is
  cast or effect of any such vote, <i>provided</i> that any such action or non-action
  is in good faith. The Depositary may own and deal in any class of securities
  of the Company and its affiliates and in Receipts. The Company agrees to indemnify
  the Depositary and each Custodian against, and hold each of them harmless from,
  any inability or expense which may arise out of acts performed in</FONT></FONT>
</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">



<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-9</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">accordance with
the provisions of the Deposit Agreement and  of the Receipts, as the same may be amended,
modified or  supplemented from time to time, (i) by either the Depositary  or any
Custodian, except for any liability arising out of  the negligence or bad faith of either
of them, or (ii) by  the Company or any of its agents.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Resignation
  and Removal of Depositary; Substitution of Custodian</U>. The Depositary may
  at any time resign as Depositary under the Deposit Agreement by written notice
  of its election so to do delivered to the Company, such resignation to take
  effect upon the appointment of a successor depositary and its acceptance of
  such appointment as provided in the Deposit Agreement. The Depositary may at
  any time be removed by the Company by written notice of such removal, effective
  upon the appointment of a successor depositary and its acceptance of such appointment
  as provided in the Deposit Agreement. The Depositary may at any time appoint
  a substitute or additional custodian and the term &#147;<u>Custodian</u>&#148;
  shall also refer to such substitute or additional custodian.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Amendment
of Deposit Agreement and Receipts</U>. The Receipts and the Deposit Agreement may at any
time and from time to time be amended by agreement between the Company and the
Depositary. Any amendment which shall impose or increase any fees or charges (other than
the fees of the Depositary for the execution and delivery or the cancellation of
Receipts and taxes or other governmental charges), or which shall otherwise prejudice
any substantial existing right of Holders of Receipts, shall, however, not become
effective as to outstanding Receipts until the expiration of three months after notice
of such amendment shall have been given to the Holders of outstanding Receipts. Every
Holder of a Receipt at the time any amendment so becomes effective shall be deemed, by
continuing to hold such Receipt, to consent and agree to such amendment and to be bound
by the Deposit Agreement as amended thereby. In no event shall any amendment impair the
right of the Holder hereof to surrender this Receipt and receive therefor the Deposited
Securities represented hereby.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Termination
of Deposit Agreement</U>. The Depositary will at any time at the direction of the Company
terminate the Deposit Agreement by mailing notice of such termination to the Holders of
all Receipts then outstanding at least 30 days prior to the date fixed in such notice
for such termination, The Depositary may likewise terminate the Deposit Agreement at
any time 60 days after the Depositary shall have resigned, if a successor depositary
shall not have been appointed and accepted its appointment. If any Receipts shall
remain outstanding after the date of termination, the Depositary thereafter will
discontinue the registration of transfers of Receipts, will suspend the distribution of
dividends to the holders thereof, and will not give any further notices or perform any
further acts under the Deposit Agreement, except the collection of dividends and other
distributions pertaining to Deposited Securities, the sale of rights and the delivery of
Deposited Securities, together with any dividends or other distributions received with
respect thereto and the net proceeds of the sale of any rights or other property, in
exchange for Receipts surrendered to the Depositary. At any time after the expiration of
one year from the date of termination, the Depositary may sell the Deposited Securities
then held under the Deposit Agreement and may thereafter hold the</FONT></FONT> </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A-10</FONT></FONT> </P>


<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">net proceeds of
any such sale, together with any other cash  then held by it under the Deposit Agreement,
without  liability for interest, for the pro rata benefit of the  Holders of Receipts not
theretofore surrendered. After  making such sale, the Depositary shall be discharged from
all obligations under the Deposit Agreement, except for its  obligations under Section
5.08 thereof and except to account  for the claims of Holders, as creditors of the
Depositary,  for such net proceeds and other cash, after deducting, or  charging, as the
case may be, the fees of the Depositary for  the surrender of a Receipt, any expenses for
the account of  the Holder in accordance with the terms and conditions of  this Deposit
Agreement and any applicable taxes or  governmental charges or assessments. Upon the
termination of  the Deposit Agreement, the Company shall be discharged from  all
obligations under the Deposit Agreement, except for the  Company's obligations under
Section 5.08 thereof.</FONT></FONT> </P>

<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Available
Information</U>. The Company currently is subject to the periodic reporting requirements of
the Securities Exchange Act of 1934 and accordingly files certain reports with the
Securities and Exchange Commission (hereinafter the Commission). Such reports and other
information may be inspected and copied at public reference facilities maintained by the
Commission in Washington, D.C.</FONT></FONT> </P>





</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
